The APB partnership agreement specifies that partnership net income be allocated as follows: Salaries: Partner A $30,000; Partner P $10,000; Partner B $40,000 Interest on average capital balances is 10% for each partner Percentage allocation: Partner A, 40%; Partner P, 40%; Partner B, 20% Average capital balances for the current year were $50,000 for A, $30,000 for P, and $20,000 for B. Refer to the information given. Assuming a current year net income of $186,000, what amount should be allocated to each partner? (Points : 3)

Partner A, $73,400; Partner P, $51,400; Partner B, $61,200 Partner A, $59,000; Partner P, $37,000; Partner B, $54,000 Partner A, $58,000; Partner P, $38,000; Partner B, $54,000 Partner A, $35,000; Partner P, $13,000; Partner B, $42,000