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Gary, Peter, and Chris and have capital balances of $23,000, $42,000, and $33,000, respectively. As per the partnership agreement, Gary gets a profit share of
Gary, Peter, and Chris and have capital balances of $23,000, $42,000, and $33,000, respectively. As per the partnership agreement, Gary gets a profit share of 2/9; Peter gets 4/9; and Chris gets 3/9. The partnership agrees to pay $20.000 as the final settlement to Gary. How much bonus does Peter receive as a result of this transaction? (Do not round intermediate calculations and round the final answer to the nearest dollar.) OA. $1,286 B. $1,714 OC. $1,333 OD. $1,667
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