Pronghorn Company reports profit of

$153200

for the year ended May 31, 2024. The partnership agreement specifies (1) salary\ allowances of

$60700

for K. Karen and

$48300

for M. Paul, (2) an interest allowance of

5%

based on average capital account balances,\ and (3) sharing any remainder on a

60:40

basis (

60%

to Karen,

40%

to Paul). Average capital account balances for the year were\

$81100

for Karen and

$60700

for Paul. How much is the profit allocated to Karen?\

$87021\ $64755\ $82966\ $78911

Pronghorn Company reports profit of $153200 for the year ended May 31,2024 . The partnership agreement specifies (1) salary allowances of $60700 for K. Karen and $48300 for M. Paul, (2) an interest allowance of 5% based on average capital account balances, and (3) sharing any remainder on a 60:40 basis ( 60% to Karen, 40% to Paul). Average capital account balances for the year were $81100 for Karen and $60700 for Paul. How much is the profit allocated to Karen? $87021 $64755 $82966 $78911