Tanner and Teresa share income and losses in a 2:1 ratio after allowing for salaries to Tanner of $42,000 and $60,000 to Teresa. Net income for the partnership is $132,000 . Income should be divided as follows:
a. Tanner, $57,000; Teresa, $75,000
b. Tanner, $58,000; Teresa, $74,000
c. Tanner, $75,000; Teresa, $57,000
d. Tanner, $62,000; Teresa, $70,000
d
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