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Sara and Ayah invested $240,000 and $720,000 respectively in a partnership. The partners agreed to grant salary allowance of $40,000 Sarsund to Ayala allowance on

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Sara and Ayah invested $240,000 and $720,000 respectively in a partnership. The partners agreed to grant salary allowance of $40,000 Sarsund to Ayala allowance on beginning capital balances and share any remaining income and loss equally. The partnership reported income of $200,000 for the year Required: Allocate the net income between the partners PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT F10 PC) or ALT N+F10 (Mac). Arial Paragraph BIUS 14px EM IX HQ A

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