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Question 1 Not yet answered Marked out of 1.00 P Flag question Lauren and Jenna formed a partnership with capital contributions with a fair value

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Question 1 Not yet answered Marked out of 1.00 P Flag question Lauren and Jenna formed a partnership with capital contributions with a fair value of $145,000 and $125,000, respectively. Their partnership agreement calls for Lauren to receive a $10,000 annual salary allowance. Also, each partner is to receive a share of earnings equal to a 5% return on capital investments. The remaining income or loss is to be divided equally. If the profit for the year is $148,000, then Lauren and Jenna's respective shares are Select one: a. $78,000 $70,000 b. $74,000; $74,000 c. $79,500; $68,500 O d. $80,000; $68,000 e. $145,000; $3,000

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