Farmer and Taylor formed a partnership with capital contributions of $265,000 and $315,000, respectively. Their partnership agreement calls for Farmer to receive a $83,000 per year salary. The remaining income or loss is to be divided equally. If the net income for the current year is $213,000, then Farmer and Taylor's respective shares are: Multiple Choice 0 $106,500; $106,500. O $130,000; $5,000 $148,000; $148,000 O $142,000, 571,000 $148,000 $65.000 Prev 1 of 50 Next >