Fred and Barney started a partnership. Fred invested $54,000 in the business and Barney invested $22,500. The partnership agreement stipulated that profits would be divided as follows. Each partner would receive a 16% return on invested capital with the remaining Income being distributed equally between the two partners. Assuming that the partnership eamed $32,000 during an accounting period, the amount of income assigned to the two partners would be: A. B. C D. Fred $ 10,840 S 14,000 $ 16,000 $ 15,320 Barney $ 9,480 $ 18,000 $ 16,000 $ 16,680 Multiple Choice Choice Choice A Choice