Assume a three-person partnership had a net income of $30,000 . The salary allowances the partners withdrew totaled $80,000 . The partnership agreement specifies a 45/25/30 ratio for allocating gains and losses. How is the excess allocated?
a. ($22,500), ($12,500) and ($15,000)
b. ($23,000), ($13,000) and ($14,000)
c. ($14,000), ($12,500) and ($23,500)
d. ($22,500), ($12,000) and ($15,500)
e. ($22,000), ($13,000) and ($15,000)
a
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