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Question Content Area Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $ 4 1 , 2 0

Question Content Area Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $41,200 Interest of 10% on each partner's capital balance on January 1 Any remaining net income divided equally Emerson and Dakota had $30,000 and $130,000, respectively, in their January 1 capital balances. Net income for the year was $200,400. How much net income should be distributed to Dakota?

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