Phox and Ranch have decided to form a partnership. They are in the process of agreeing on how the profits/losses will be divided. Assume that the company is anticipating net income of $80,000 for the first time period. Determine Phox's share of the $80,000 if the partners agree on an interest allowance of 10% on the original investments (Phox invested $20,000 and Ranch invested $30,000), salary allowances of $22,000 to Phox and $33,000 to Ranch, and the remainder equally.

	Phox	Ranch	Total
Interest Allowances
Salary Allowances	22,000	33,000	55,000
Remainder 1:1	_____	______	______
Totals	?		80,000

A. $20,000

B.$33,000

C.$34,000

D. $46,000

I don't undersand this example, Someone please explain it to me