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The profit of the Angela and Kimberly partnership is ( $ 29000 ). The partnership agreement specifies that Angela and Kimberly have a salary allowance
The profit of the Angela and Kimberly partnership is \\( \\$ 29000 \\). The partnership agreement specifies that Angela and Kimberly have a salary allowance of \\( \\$ 9000 \\) and \\( \\$ 12300 \\), 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 \\( \\$ 20100 \\). Any remaining profit or loss is shared equally. What is Angela's share of the \\( \\$ 29000 \\) profit? \\[ \\begin{array}{l} \\$ 10840 \\\\ \\$ 12850 \\\\ \\$ 9000 \\\\ \\$ 8900 \\end{array} \\]
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