[APPENDIX] Debbie and Alex formed a new partnership. The partnership agreement specified that income should be allocated in a 2-to-1 ratio, with Debbie receiving the larger portion. If revenue for the first year was $90,000 and expenses were $60,000, how much would be allocated to each partner?
a. Debbie—$45,000; Alex—$45,000
b. Debbie—$20,000; Alex—$10,000
c. Debbie—$60,000; Alex—$30,000
d. Debbie—$40,000; Alex—$20,000
b
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