QUESTION 14 Jakobs, Penn, and Lundt are partners with beginning-of-year capital balances of $400,000, $320,000, and $160,000, respectively. The partners agreed to share income and loss as follows: Salary of $30,000 to Jakobs, $50,000 to Penn, and $36.000 to Lundt. An interest allowance of 8% on beginning-of-year capital balances. Any remaining balance is to be divided on a 1:2:3 ratio respectively. If partnership net income for the year is $190,000, determine each partner's share, For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TT TT Paragraph Arial 3 (12pt) S E T