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Current Attempt in Progress The partnership agreement of Paul, Gise, and Bosco provides for the following income ratio: ( a ) Paul, the managing partner,

Current Attempt in Progress
The partnership agreement of Paul, Gise, and Bosco provides for the following income ratio: (a) Paul, the managing partner, receives a
salary allowance of $105000,(b) each partner receives 15% interest on average capital investment, and (c) remaining net income or
loss is divided equally. The average capital investments for the year were: Paul $600000, Gise $1193000, and Bosco $1795000. If
partnership net income is $738000, the amount allocated to Gise should be:
$210550.
$17
$178950
$246000.
$147350.
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