Peter and Paul form a partnership to run their lawn-mowing business. They agree to share the profits and losses of the partnership equally.

The partnership agreed the following salaries be paid:

Peter	$40,000
Paul	$24,000

The partnership accounting profit after salaries had been paid was $30,000.

What is the partnership net income (s90) to be shown on the partnership return statement of distribution?

Select one:

None of these

$30,000

$64,000

$94,000

$15,000