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The Carla Vista Partnership reported profit of $$72,000$ for the year ended February $29,2024.$ Salary allowances are $$54,000$ for $H.$

Walker and $$30,000$ for $$.$ Young. Interest allowances of $5\%$ are calculated on each partner's opening capital account balance. Capital

account balances at March $1,2023,$ were as follows: H$.$ Walker $$86,000($Cr$.)$ and S$.$ Young $$56,000($Cr$.).$ Any remainder is shared

equally.

Calculate the division of profit to each partner.

H$.$ Walker

S$.$ Young

Profit allocated to partners

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$-2C$ Mostly sunnyThe Carla Vista Partnership reported profit of $$72,000$ for the year ended February $29,2024.$ Salary allowances are $$54,000$ for H$.$

Walker and $$30,000$ for S$.$ Young. Interest allowances of $5\%$ are calculated on each partner's opening capital account balance. Capital account balances at March $1,2023,$ were as follows: H$.$ Walker $$86,000($Cr$.)$ and S$.$ Young $$56,000($Cr$.).$ Any remainder is shared equally.

Calculate the division of profit to each partner.

H$.$ Walker

S$.$ Young

Profit allocated to partners

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