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The net income for the partnership of Jenny Rijo and Marco Santoro was $ 1 6 0 , 0 0 0 . Jenny contributed $

The net income for the partnership of Jenny Rijo and Marco Santoro was $160,000. Jenny contributed $100,000 in capital; Marco contributed $300,000 in capital. Each partner received 10% interest on capital.Jenny received a $70,000 salary; Marco received a $20,000 salary. Allocate net income to partners. Show work.

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