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If net loss for the year was 4 points $8,000, what will be the distribution to Dickens? * Partners Cantor and Dickens have capital balances

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If net loss for the year was 4 points $8,000, what will be the distribution to Dickens? * Partners Cantor and Dickens have capital balances in a partnership of $160,000 and $240,000, respectively. They agree to share profits and losses as follows: Cantor Dickens As salaries $40,000 $48,000 As interest on capital at the beginning of the year 10% 10% Remaining profits or losses 50% 50% O $48,000 income O $4,000 loss O $8,000 loss O $4,000 income

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