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Partners S, T & M have the following profit and loss agreement: S & T receive salaries of $20,000 each; M gets a bonus of

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Partners S, T & M have the following profit and loss agreement: S & T receive salaries of $20,000 each; M gets a bonus of 10 percent of net income after salaries and bonus; and remaining profits are shared by S, T & M in the following ratios respectively: 2:3:5. The partnership had a net income of $73,000. How much of the net income should be allocated to M? Select one: a. $25,000 b. $15,000 oc. $36,000 od. $18,000 Povo

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