Farmer and Taylor formed a partnership with capital contributions of $200,000 and $250,000, respectively. Their partnership agreement calls for Farmer to receive a $70,000 per year salary. The remaining income or loss is to be divided equally. If the net income for the current year is $135,000, then Farmer and Taylor's respective shares are:
A) $67,500; $67,500.
B) $130,000; $5,000.
C) $106,140; $28,860.
D) $90,000; $45,000.
E) $102,500; $32,500.
E) $102,500; $32,500.
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