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. Santos and Torres are partners in ST Grocery. Their partnership agreement specifies that they share income in a 1:4 ratio after each partner receives

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. Santos and Torres are partners in ST Grocery. Their partnership agreement specifies that they share income in a 1:4 ratio after each partner receives 20 percent interest on weighted average capital, which is fully implemented. Their capital transactions for the year are summarized as follows: 9HOOT SC Capital, January 1 Investment, April 1 Withdrawal, July 1 Investment, September 1 Investment, November 1 Withdrawal, December 1 Capital, December 31 to Santos Torres $100,000 $250,000 - 25,000 (10,000) dan (41,000) 3 5,000 229 18,000 (5,000) (12.000 $120,000 $250,000 Partnership income of ST Grocery for the year was $160,000. Required Determine the allocation of partnership income between Santos and Torres. 000

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