The profit or loss is required to be divided equally between the partners if otherwise not stated. O True False Question 20 2 pts Applying the interest allowance method, compute Taylor and Timmy's share of net income if Taylor invested $370,000 and Timmy invested $780,000 at a 6% interest rate, for each partner with the remainder to be divided equally. Net income was $90,000, Taylor. $28,957 Timmy $61,043 Taylor, $45,000; Timmy, $45,000 Taylor. $32,700: Timmy, $57,300 None of these answers is correct