Garry, Peter, and Wilson formed a partnership on January 1, 2022, and made capital contributions of $120,000 (Garry), $180,000 (Peter), and $200,000 (Wilson) respectly. With respect to the division of income, they afreed to the following:

1. interest of an amount equal to 15% of the that partner's beginning capital balance for the year

2. annual compensation of $20,000 to Peter; and

3.the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Garry; (b) 40% for Peter, and (c) 40% for Wilson

Net income was $240,000 in 2022. Each partner withdrew $2,000 for personal use every month during 2022. What was Peter's total share of net income for 2022?

$81,000 $100,000 $105,000 $96,000