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The ADL Partnership consists of three partners, Adam, David, and Laura. The partnership agreement provides for annual salaries of $ 2 5 , 0 0

The ADL Partnership consists of three partners, Adam, David, and Laura. The partnership agreement provides for annual salaries of $25,000 to Adam, $40,000 to David, and $60,000 to Laura. Residual profits are shared in a 3:3:4 ratio. Salaries are to be fully implemented.
Now assume that partnership income for the year is $85,000, and salaries are implemented proportionately. Davids share of income is

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