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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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