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The profit of the Tammy and Jennifer partnership is $29600. The partnership agreement specifies that Tammy and Jennifer have a salary allowance of $8000 and

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The profit of the Tammy and Jennifer partnership is $29600. The partnership agreement specifies that Tammy and Jennifer have a salary allowance of $8000 and $12000, respectively. The partnership agreement also specifies an interest allowance of 8% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $21000. Any remaining profit or loss is shared equally. What is Tammy's share of the $29600 profit? $11120$8000$8600$12800

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