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Loti and Pelet enter into a partnership and decide to shate profits and losses as follows: 1. The first allocation is a salary allowance with
Loti and Pelet enter into a partnership and decide to shate profits and losses as follows: 1. The first allocation is a salary allowance with Loti recelving $8,000 and Peter recelving $10,000 2. The second aliocation is 15% of the partners capital balances at yoar end On December 31,2025 , the copital batancos for Lor and Poter are $90,000 and $24,000, respectively 3. Any remaining profit or loss is allocated equally. For the year ending December 31,2025 , the partnership reported net income of 582,000 . What is Loris share of the net incorne? A. $44950 B. 521500 C. $83.850 D. $37.050
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