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Question 1 Daniel and Noa formed a partnership, dividing income as follows: 1.Annual salary allowance to Daniel, $75,000 and Noa, $90,000 2. Interest of 5

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Question 1 Daniel and Noa formed a partnership, dividing income as follows: 1.Annual salary allowance to Daniel, $75,000 and Noa, $90,000 2. Interest of 5 of each partner's capital balance on January 1. 3. Any remaining net income divided to Daniel and Noa, 3:2 Daniel and Noa had $150,000 and $115,000, respectively, in their January 1 capital balances. Net income for the year was $250.000 How much Income should be distributed to Daniel? a. $125,550 b. $124,450 c. $82,500 d. $150,000

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