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Len Thomas and Wilson Wade formed a partnership. Thomas invested $120,000. Wade invested $80,000. Net income for the year is $100,000. If net income is

Len Thomas and Wilson Wade formed a partnership. Thomas invested $120,000. Wade invested $80,000. Net income for the year is $100,000. If net income is allocated based on the capital account balances at the beginning of the year, what is the income allocation for Thomas and Wade?

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