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Stone and Mill have decided to form a partnership. They are in the process of agreeing on how the profits/losses will be divided. Assume that

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Stone and Mill have decided to form a partnership. They are in the process of agreeing on how the profits/losses will be divided. Assume that the company is anticipating net income of $75,000 for the first time period. Determine Stone's share of the net income if the partner's agree on interest allowance of 10% on the original investments and the remainder equally. Further assume an original investment of $30,000 for Stone and $24,000 for Mill $37,800 $37,200 $37,500 $40,500

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