X and Y invest $100,000 and $50,000 respectively in a partnership and agree to a division of net income that provides for an allowance of interest at 10% on original investments, salary allowances of $12,000 and $24,000 respectively, with the remainder divided equally. What would be X's share of a periodic net income of $50,000? $21, 500 $22,000 $19,000 $10,000 A/R contributed in a partnership formation is recorded at Cost Book value Fair value zero NRV Chico and Dino share net income and losses in a 7:3ratio and have capital balances of $35,000 and $30000 respectively. Filo invests $25,000 for a one third interest in the partnership. If the bonus method is used, Filo's capital balance is $30,000 $31, 500 $31, 667 $25,000 $38, 500 Partners Ang and Lee share net income or losses in a 3:2 ratio and have capital balances of $18,000 and $17,000 respectively. Oscar invests %15,000 for a 25% equity in the partnership. If the bonus method is used. Ang's capital balance is $8, 750 $18,000 $19, 500 $15,000 $25,000