The net income of the Kenneth and Browning partnership is $443000. The partnership agreement specifies that...

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The net income of the Kenneth and Browning partnership is $443000. The partnership agreement specifies that Kenneth and Browning have a salary allowance of $120000 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 Kenneth's share of the $443000 net income? O $107600 O $158600 O$150400 O $189000 A Save for Later Attempts: 0 of 1 used Submit Answer The net income of the Kenneth and Browning partnership is $443000. The partnership agreement specifies that Kenneth and Browning have a salary allowance of $120000 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 Kenneth's share of the $443000 net income? O $107600 O $158600 O$150400 O $189000 A Save for Later Attempts: 0 of 1 used Submit Answer