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Partners Cantor and Dickens have capital balances in a partnership of $162000 and $238000, respectively. They agree to share profits and losses as follows: Cantor

Partners Cantor and Dickens have capital balances in a partnership of $162000 and $238000, respectively. They agree to share profits and losses as follows:

Cantor Dickens

As salaries $40800. $47400

As interest on capital at the beginning of the year 10%. 10%

Remaining profits or losses 50%. 50%

If income for the year was $197000, what will be the allocation of income to Dickens?

A. $80000

B. $40000

C. $91400

D. $105600

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