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O & B form a partnership with initial investments of $200,000 and $300,000 respectively. Their agreement calls for a salary to O of $70,000 and

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O & B form a partnership with initial investments of $200,000 and $300,000 respectively. Their agreement calls for a salary to O of $70,000 and a salary to B of $80,000. Each partner is to receive interest of 20% on their initial investment and they agree the remaining profit or loss is to be divided equally. If the net income for the period is $290,000, how much of that net income is distributed to partner B? Select one: O a. $240,000 O b. $160,000 O c. $140,000 O d. $130,000

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