Paco and Kate invested $100,000 and $125,000, respectively, in a partnership they began one year ago....

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Paco and Kate invested $100,000 and $125,000, respectively, in a partnership they began one year ago. Assuming the partnership's net income was $155,000 for this year, calculate the share of the net income each partner should receive under the following assumptions. (SHOW YOUR CALCULATION) (6 marks) (1) The partnership agreement specifies salary allowances of $67,000 to Paco and $59,000 to Kate, and any balance shared equally < (2) The partnership agreement specifies salary allowances of $43,000 to Paco and $52,000 to Kate, 15% interest on their investments, and any balance shared equally Paco's Share Kate's Share Paco and Kate invested $100,000 and $125,000, respectively, in a partnership they began one year ago. Assuming the partnership's net income was $155,000 for this year, calculate the share of the net income each partner should receive under the following assumptions. (SHOW YOUR CALCULATION) (6 marks) (1) The partnership agreement specifies salary allowances of $67,000 to Paco and $59,000 to Kate, and any balance shared equally < (2) The partnership agreement specifies salary allowances of $43,000 to Paco and $52,000 to Kate, 15% interest on their investments, and any balance shared equally Paco's Share Kate's Share