Partner A, a new partner, will pay a bonus to existing partners to join the partnership. The reason for the bonus paid to existing partners by Partner A is because Partner A's ownership interest in the new partnership is greater than the amount contributed. Partner A's ownership interest in the new partnership is less than the amount contributed. Partner A's ownership interest in the new partnership is equal to the amount contributed. Cannot determine the answer from the information given. Joe and Jim form a partnership on 01/01/2019. The written partnership agreement calls for cash contributions of $45,000 and $55,000, respectively, on 01/01/2019. Yearly salaries are to be paid in the amounts of $120,000 and $80,000, respectively. Net income/loss is to be divided as follows: In addition to the salaries paid to the two partners, an interest allowance of 10% per year is to be paid on the partners' capital balance at the beginning of the year, after which the remaining amount is to be split evenly. At 12/31/2019, Jim's share of a net income of $280,000 will be $140,000 $160,000. $159,500. $129,500