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The net income of the George and Browning partnership is $459000. The partnership agreement specifies that George and Browning have a salary allowance of

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The net income of the George and Browning partnership is $459000. The partnership agreement specifies that George and Browning have a salary allowance of $119000 and $185000, respectively. The partnership agreement also specifies an interest allowance of 10% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $304000. Any remaining net income or net loss is shared equally. What is George's share of the $459000 net income? O $166100 O $196500 O $149400 O $124600

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