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T & U form a partnership with initial investments of 100,000 and 200,000 respectively. Their agreement calls for a salary to T of 40,000 and
T & U form a partnership with initial investments of 100,000 and 200,000 respectively. Their agreement calls for a salary to T of 40,000 and a salary to U for 60,000. Each partner is to receive interest of 10% on their initial investment and they agree the remaining profit or loss is to be divided equally. If the next income for the period is 230,000 show the distribution to each partner?
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