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The partnership agreement of Romeo and Rocky has the following provisions; the partners are to earn 1 0 percent on the average capital. Romeo and

The partnership agreement of Romeo and Rocky has the following provisions; the partners are to earn 10 percent on the average capital. Romeo and Rocky are to earn salaries of $25,000 and $10,000, respectively. And any remaining income or loss is to be divided between Romeo and Rocky using a 70:30 ratio.
Romeo's average capital is $500,000 and Rockys' is $300,000.
Required:
What is Romeo's Allocated portion of Net Income (Assuming Net Income is $225,000)

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