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: 0 a $15,000 O b. $25,000 O c. $18,000 O d. $36,000 Next page 5 page