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Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With

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Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner's beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman: (b) 40% for Pinkman; and (c) 40% foy White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1.500 for personal use every month during 2020 and 2021. What was the amount of interest attributed to Pinkman in the income distribution for 2021? Multiple Choice $20,750. $17.450 $24.150 $17.500 $25.950

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