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Lauren and Jenna formed a partnership with capital contributions with a fair value of $145,000 and 5125,000, respectively. Their partnership agreement calls for Lauren to

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Lauren and Jenna formed a partnership with capital contributions with a fair value of $145,000 and 5125,000, respectively. Their partnership agreement calls for Lauren to receive a $10,000 annual salary allowance. Also, each partner is to receive a share of earnings equal to a 5% return on capital investments. The remaining income or loss is to be divided equally. If the profit for the year is 5148,000, then Lauren and Jenna's respective shares are b OOOO $145,000; 53,000 $79,500; 568,500 $80,000; 568,000 574,000; $74,000 d

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