Erica Jones and Leigh Martin form a partnership and agree to divide net income as follows: 10% interest allowance on investments, with the remaining net income divided in a 3:2 ratio. Erica has a capital balance of $50,000, and Leigh has a capital balance of $60,000. If net income for the current year is $8,000. Leigh's share will be a. $3, 800. b. $4, 200. c. $4,000 d. $4, 800. Net income is $50,000, and Craig Andrews and Curl Evans share net income in a 3:2 ratio, respectively. If Carl's capital balance before distribution of the net income is 100,000. his capital balance after distributing the net income will be a. $20,000. b. $30,000. c. $120,000. d. $100,000. Assume that Debbie Pike is to be admitted to an existing partnership by making a cash contribution of $20,000, She will receive a capital credit of $25,000. In this situation. a. the existing partners' capital accounts will be credited for a total of $5,000. b. a bonus is owed to the existing partners. c. the existing partners' capital accounts will be debited for a total of $5,000. d. Debbie must contribute another $5,000 to the partnership. Partner A and B admit a new partner. The new partner invests $100,000 and receives a capital credit of $120,000. Assuming that profits are divided equally, which of the following is true? a. There is a bonus to the new partner. b. The new partner's capital account will be credited for $100,000. c. Partner B's capital account will be credited for $10,000. d. Partner A's capital account will be credited for $10,000