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Brent Jacobs and Walter Page formed a partnership by contributing $45,000 and 55,000 respectively. The company reported net income of $65,000 in its first year of operations. Assuming the partners share profits and losses based on the beginning of year capital balances, how much would be distributed to each partner? O B. Jacobs = $29,250; W. Page = $35,750 O B. Jacobs = $45,000; W. Page = $55,000 O B. Jacobs = $32,500; W. Page = $32,500 O B. Jacobs = $55,000; W. Page = $45,000 Save for Later Attempts: 0 of 1 used Submit