Question 1: (10 Points): A1, A3, B1, C1, C3 At the beginning of 2023 X and Y invested $90,000 and $80,000 cash in a partnership respectively. The partnership agreement provides that profits are to be allocated as follows: 1. Annual salaries of $100,000 and $70,000 are granted to X and Y, respectively. 2. X, is entitled to a bonus of 20% of net income after salaries and bonus but before interest on capital investments is subtracted. 3. Each partner is to receive an interest credit of 10% on the original capital investment. 4. Remaining profits are allocated 50% to X and 50% to Y. At the end of the year the net income before salaries, interest, and bonus was $250,000. Instruction: Allocate partnership profit.

Question 1: (10 Points): A1, A3, B1, C1, C3 tt the beginning of 2023X and Y invested $90,000 and $80,000 ash in a partnership respectively. The partnership agreement rovides that profits are to be allocated as follows: 1. Annual salaries of $100,000 and $70,000 are granted to X and Y, respectively. 2. X, is entitled to a bonus of 20% of net income after salaries and bonus but before interest on capital investments is subtracted. 3. Each partner is to receive an interest credit of 10% on the original capital investment. 4. Remaining profits are allocated 50% to X and 50% to Y. It the end of the year the net income before salaries, interest, nd bonus was $250,000. nstruction: Allocate partnership profit