Ross & Saye LLP was organized and began operations on March $1,2004.$ On that date,

Roberta Ross invested $$150,000,$ and Samuel Saye invested land and building with current

fair values of $$80,000$ and $$100,000,$ respectively. Saye also invested $$60,000$ in the part$-$

nership on November $1,2004,$ because of its shortage of cash. The partnership contract in$-$

cludes the following

remuneration plan:

Anuall salary $($recognized as operating expenses$)$ Ross $$18,000$ Saye : $$24,000$

Anuall interest on avarage capital account balances

Ross $10\%$ Saye $10\%$

remainder : Ross $60\%$ Saye $40\%$