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Minnie, Donald, and Goofy are partners. In 2015, the company has net income of $350,000. The partnership agreement states that income will be divided according

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Minnie, Donald, and Goofy are partners. In 2015, the company has net income of $350,000. The partnership agreement states that income will be divided according to the following plan: The partners get salary allowances of $50,000, $20,000, and $15,000 (Minnie, Donald, Goofy). Each partner receives an interest allowance of 5% of capital. Minnie, Donald, and Goofy have capital balances of $100,000, $350,000, and $200,000. respectively Any remaining balance is split 3 5 2 The entry to allocate income for 2015 is

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