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please solve quickly and i will give you like Basel and George formed a partnership in 2020. The partnership agreement provides for annual salary allowances
please solve quickly and i will give you like
Basel and George formed a partnership in 2020. The partnership agreement provides for annual salary allowances of $65,000 for Basel and $55,000 for George. The partners share profits equally and losses in a 60:40 ratio, respectively. The partnership had earnings of $90,000 for 2020 before any allowance to partners. What amount of these earnings should be credited to Basels capital account?
a.
$55,000
b.
$47,000
c.
$43,000
d.
$65,000
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