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Rice, Hepburn, and DiMarco formed a partnership with Rice contributing $60,000, Hepburn contributing $50,000, and DiMarco contributing $40,000. Their partnership agreement called for the earnings
Rice, Hepburn, and DiMarco formed a partnership with Rice contributing $60,000, Hepburn contributing $50,000, and DiMarco contributing $40,000. Their partnership agreement called for the earnings division to be based on the ratio of capital investments. If the partnership had a net income of $75,000 for its first year of operation, how much would be credited to DiMarco's capital account?
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