Question #4: 1. Candace, Hassell, and Lawson are partners in an accounting firm. The firm reported net income of $200,000 for 2014. The partnership agreement provides that profits and losses are to be divided in a 2:3:1 ratio after Hasell receives a $60,000 salary and Lawson receives a $40,000 salary, and each partner receives 10% interest on his beginning capital balance. Beginning capital balances were $100,000 for Candace, $50,000 for Hassell, and $30,000 for Lawson. Determine what/how the net income of $200,000 should be divided

Question \#4: 1. Candace, Hassell, and Lawson are partners in an accounting firm. The firm reported net incotue of $200,000 for 2014. The partnership agreement provides that profits and losses are to be divided in a 2:3:1 ratio after Hasell receives a $60,000 salary and Lawson receives a $40,000 salary, and eacb partner receives 10% interest on his beginning capital balance. Beginning capital balances wero $100,000 for Candace, $50,000 for Hassell, and $30,000 for Lawson. Determine whathow the net income of $200,000 should be divided