Rowan and Sanjay Are Equal Partners in a Partnership,which Uses

Multiple Choice

Rowan and Sanjay are equal partners in a partnership,which uses the calendar year as its tax year.On September 1,this year,Hailley contributed $60,000 cash for a one-third interest in the partnership.The partnership reports $72,000 of ordinary income for the tax year ending on December 31 of this year.The income allocation to Hailley is (assume the elective proration method with a monthly convention)

A) $24,000.
B) $12,000.
C) $0.
D) $8,000.