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Polacco and Walsh have formed a partnership. During their first year of operations, the parnership earned $ 1 4 0 , 0 0 0 .
Polacco and Walsh have formed a partnership. During their first year of operations, the parnership earned $ Theirprofitandlosssharing agreement states that, first, each partner will receive of their capital balances. The second level is based on services, with $ to Polacco and $ to Walsh. The remainder then will be shared : between Polacco and Walsh, respectively.
Requirement Calculate the amount of income each partner will receive under their profitandlosssharing agreement assuming Polacco's capital balance is $ and Walsh's capital balance is $Complete all answer boxes. For amounts that are $ make sure to enter in the appropriate column.
Share of remainder:
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