Farmer and Taylor formed a partnership with capital contributions of $250,000 and $300,000, respectively. Their partnership agreement calls for Farmer to receive a $80,000 per year salary. The remaining income or loss is to be divided equally. If the net Income for the current year is $195,000, then Farmer and Taylor's respective shares are: Multiple Choice $130,000: $65,000 $97,500, $97,500 $130,000 $5,000 $137,500 $57,500 121 Navi