cm 11 0 1 The following information pertains to a newly formed partnership during the first year of operations John Witt and Ed Smith decided to form a partnership on January 1, Witt invested 500,000 and invested $40,000. On December 31, the end of the locale, et comme 200,000 earned Calculate each partner's share of the carrings it each partner to receive 10% on their original investment, wit and there to recen a salary owce of 40.000 and $30,000 tend the reminder divided as follows: 70% to Witt and to Smith O a $100,000 each Ob Witt, $140,000; Smith, $60,000 O Witt, $130,000; Smith, 570,000 Od. None of these choices are correct