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DALLAS and SMITH began a partnership to start an installation business, by investing $169,000 and $209,000, respectively. They agreed to share profits/(losses) by providing yearly

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DALLAS and SMITH began a partnership to start an installation business, by investing $169,000 and $209,000, respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $159,000 to DALLAS and $84,000 to SMITH, 25% interest allowances on their investments, and sharing the balance 3:2. Required: 1. Determine each partner's share if the first-year profit was $429,000

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