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

	Jones, the managing partner, receives a bonus equal to 25 percent of the businesss profit.
	Each partner receives 12 percent interest on average capital investment.
	Any residual profit or loss is divided equally.

The average capital investments for 2015 were as follows:

Jones	$	200,000
King		400,000
Lane		600,000

How much of the $88,000 partnership profit for 2015 should be assigned to each partner?

	Income Assignment
Jones
King
Lane