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Rachael and Olivia are business partners in RO Dance. Their partnership agreement states that the partners will share income in a 3 : 2 ratio

Rachael and Olivia are business partners in RO Dance. Their partnership agreement states that the partners will share income in a 3:2 ratio (Rachael; Olivia). For the year ended December 31,2021, the partnership earned $120,000. During 2021, Rachael withdrew $20,000 cash from the business and Olivial withdrew $10,000 cash. How much income would be allocated to Olivia?
a
$52,000
b
$38,000
c
$50,000
d
$80,000

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