Matrix and Bentley invested $40,000 and $50,000, respectively, in a partnership they began one year ago. Assuming the partnership's profit was $140,000 for this year; calculate the share of the profit each partner should receive under the following assumptions. (1) The partnership agreement specifies a salary allowance of $25,000 to Matrix and $30,000 to Bentley, and the balance shared equally. (2) The partnership agreement specifies a salary allowance of $25,000 to Matrix and $30,000 to Bentley, 10% interest on their investments, and the balance shared equally.

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Matrix and Bentley invested $40,000 and $50,000, respectively, in a partnership they began one year ago. Assuming the partnership's profit was $140,000 for this year, calculate the share of the profit each partner should receive under the following assumptions. (1) The partnership agreement specifies a salary allowance of $25,000 to Matrix and $30,000 to Bentley, and the balance shared equally. (2) The partnership agreement specifies a salary allowance of $25,000 to Matrix and $30,000 to Bentley, 10% interest on their investments, and the balance shared equally. Short Answer Toolbar navigation Ra BI V S :v A 3