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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $52,800, Davis contributing $44,000 and Singer contributing $35,200. Their partnership agreement called for the income
Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $52,800, Davis contributing $44,000 and Singer contributing $35,200. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $57,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account? er oss O $22,800 O $19,000. $15,200 O $57000 O $35,200
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