QUESTION 31 The Mayer and Rodin partnership agreement stipulates that profits and losses will be shared equally after salary allowances of $400,000 for Mayer and $200,000 for Rodin At the beginning of the year, Mayer's Capital account had a balance of $800,000, while Rodin's Capital account had a balance of $700,000. Net income for the year was $800,000. The balance of Rodin's Capital account at the end of the year after closing is $950,000. O $1,000,000 $850,000 $900,000