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Partners Daniel and Elaine have agreed to share profits and losses in an 80:20 ratio respectively, after Daniel is allowed a salary allowance of $30700

Partners Daniel and Elaine have agreed to share profits and losses in an 80:20 ratio respectively, after Daniel is allowed a salary allowance of $30700 and Elaine is allowed a salary allowance of $15800. If the partnership had net income of $30900 for 2020 , Elaine's share of the income would be $12680.$15600.$2960.$18220

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