Twitch LoL fantasy football Your stream on So... tft M connect chegg Use the following information for the next FOUR items ABC Partnership had the following provisions for the distribution of profits and losses. . Each partner receives 10 percent interest on the capital balance. Partners A and C receive salaries of $15,000 and $18,000 respectively. Partner B receives a bonus of 5% of net income after the bonus. Any remaining income or loss is to be distributed between A, B, and C in the ratio of 2:1:3 respectively. The partners had the following capital and drawings information during the year. Partner A: January 1st capital balance: $120,000, June 1st: invested an additional $15,000, August 1st withdrew $25,000. Partner B: January 1st capital balance: $80,000, September 1st: withdrew $10,000 Partner C: January 1st capital balance: $135,000, April 1st: withdrew $12,000, June 1st: inves $27,000. Any excessive drawings beyond $15,000 are closed in partners' capital immediately. The rest of drawings, up to the $15,000 limit, are closed in partners' capital at the end of the year (Decemb- 31). Question 9 3 Assuming that partnership income for the year was $105,000, what is the amount of the bonus for Partner B?