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The partnership agreement of Jones, King, AND Lane provides for the annual allocations of the business's profit or loss in the following sequence: Jones, the

The partnership agreement of Jones, King, AND Lane provides for the annual allocations of the business's profit or loss in the following sequence: Jones, the managing partner, receives a bonus equal to 20 percent of the business 's profit. Each partner receives 13 percent interest on average capital investment. The average capital investments for 2015 were as follows: Jones $150,000 King 300,000 Lane 450,000 How much of the $90,000 partnership profit for 2015 should be assigned to each partner

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