Current Attempt in Progress Sheffield Company reports profit of $161100 for the year ended May 31, 2024. The partnership agreement specifies (1) salary allowances of $63600 for K. Sandra and $49600 for M. George, (2) an interest allowance of 6% based on average capital account balances, and (3) sharing any remainder on a 60:40 basis (60% to Sandra, 40% to George). Average capital account balances for the year were $81400 for Sandra and $63600 for George. How much is the profit allocated to George? O $53416 O $69096 O $65280 $15680 Save for Later Attempts: 0 of 1 used Submit Answer