Partner A	Partner B	Partner C
Salary allowance	$30,000	$10,000	$40,000
Interest on average capital balances	10%	10%	10%
Remainder	40%	40%	20%

ABC Partnership Agreements identifies the above in regards to allocation of partnership net income. Average capital balances for the current year were $50,000 for A, $30,000 for B, and $20,000 for C.

If current year net income is $140,000 what amount should be allocated to each partner.

	Partner A	Partner P	Partner B
A)	$60,000	$60,000	$20,000
B)	$59,000	$37,000	$54,000
C)	$24,000	$24,000	$12,000
D)	$55,000	$33,000	$52,000

		1. Option A
		2. Option B
		3. Option C
		4. Option D