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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $ 5 7 , 6 0 0 , Davis contributing $ 4 8 , 0

Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $57,600, Davis contributing $48,000 and Singer contributing $38,400. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $69,000 for its first year of operation, what amount of income would be credited to Singer's capital account?

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