The Jelly Peanut Butter partnership reported net income of $160,000 for the year ended December 31, 20x8. According to the partnership agreement, partnership profits and losses are to be distributed as follows: Jelly Peanut Butter $50,000 $60,000 $30,000 Salaries Bonus on net income Remainder (if positive) Remainder (if negative) l 30% How should partnership net income for 20x8 be allocated to Jelly, Peanut, and Butter? 10% 60% 5% 30% 40% 10% 10%) 30 Jell Peanut Butter A) $96,000 $48,000 $16,000 B $58,000 $64,000$38,000 D)$66,000$68,000$46,000 $60,000 $60,000 $40,000 C) O Option A O Option B