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Ola, Narty, and Xu form a partnership. Ola contributes $250,000, Narty contributes $180,000, and Xu contributes $290,000. Their partnership agreement calls for the income or
Ola, Narty, and Xu form a partnership. Ola contributes $250,000, Narty contributes $180,000, and Xu contributes $290,000. Their partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $180,000 for its first year, what amount of income is credited to Xu's capital account?
$45,000.
$62,500.
$48,000.
$57,000.
$67,500.
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