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Divide $350,000 Net Income between partners Jake and Ellie assuming the following partnership provisions Jake gets a Salary Allowance of $75,000 Ellie gets a Salary

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Divide $350,000 Net Income between partners Jake and Ellie assuming the following partnership provisions Jake gets a Salary Allowance of $75,000 Ellie gets a Salary Allowance of $50,000 Each partner gets 12% of their capital balances as interest Jake, Capital is $100,000 Ellie, Capital is $125,000 Remaining Income is split 80/20 - 476 175.000

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