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JKL Company has three partners whose capital balances at the beginning of the year are: Jake $100,000; Kenny $30,000, Layla $70,000. Partners agree to divide

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JKL Company has three partners whose capital balances at the beginning of the year are: Jake $100,000; Kenny $30,000, Layla $70,000. Partners agree to divide Income and loss as follows: a. Salary allowance of $25,000 to Jake, $10,000 to Kenny, and $30,000 to Layla b. Interest allowance of 5% on beginning of year capital balances, and Any remaining balance to be divided equally Partnership net income is $225,000. The amount of partnership net income to be allocated to each partner is Multiple Choice 0 Jake $112.500, Kenny $33,750, Layla $78,750 0 Joke $70.000, Kenny $81500, Layla $73,500 0 Joke $68.333, Kenny 583,334 Laylo 573,333 0 Jake $75,000, Kenny $75,000, Layla $75,000 Multiple Choice 1 312.00, Key S70 $ 78 750 S70000. Key S81500, 5500 San Key S814 $73333 Ioko 3 000, Key 575.000 $7.000 57667, Kono, 15 167

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