Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rules: (a) Nancy and Betty will receive salaries of $1,200 and $14,500 respectively as the first allocation (b) The next allocation is based on 30% of each partner's capital balances (c) Any remaining profit or loss is to be allocated completely to Betty. he The partnership's net income for the first year is $50,000. Nancy's capital balance is $83,000 and Betty's capital balance is $12,000 as at the end of the year. Calculate the share of profit/loss to be allocated to Betty. (Round your answer to the nearest dollar.) e co he co the co O A. $23,900 the co O B. $8,550 O C. $22,500 O D. $26,100 nscribed ert A chitra