Zelda invested $50,000 and Rosalina invested $40,000 in a partnership and agreed to share profit and losses by allowing a $29,000 annual salary allowance to Zelda and a $25,000 annual salary allowance to Rosalina. Each partner is also to receive a 10% return on their initial capital investments and the balance is to be divided equally. The partnership has first year profit of $55,000.

Instructions:

show a schedule that shows the division of the first year profit to each partner.

DIVISION OF PROFIT

ZeldaRosalinaTOTAL