Not yet answered Marked out of 1.00 4 Partners Eli and Alex have agreed to share profits and losses in an 80:20 ratio respectively, after Eli is allowed a salary allowance of $70,000 and Alex is allowed a salary allowance of $35,000. If the partnership had net income of $70,000 for 2017, Alex's share of the income would be .a O $35,000 .b $7,000 O O $28,000 .d $42,000