The partnership agreement of Nieto, Keller, and Pickert provides for the following income ratio: (a) Nieto, the managing partner, receives a salary allowance of $54,000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were Nieto $300,000, Keller $600,000, and Pickert $900,000. If partnership net income is $270,000, the amount distributed to Nieto should be a. $45,000 b. $81,000. c. $90,000 d. $99,000. Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively. They agree to share profits and losses as follows: Acer Barr As salaries As interest on capital at the beginning of the year Remaining profits or losses $20,000 10% 50% $24,000 10% 50% If income for the year was $100,000, what will be the distribution of income to Barr? a. $46,000 b. $54,000 C. $40,000 d. $20,000