Sandy and Dave Formed a Law Partnership, Agreeing to Split

Multiple Choice

Sandy and Dave formed a law partnership, agreeing to split the income 50:50.The partnership had net income of $100,000.Dave withdrew $55,000 throughout the year, and Sandy withdrew $50,000.Dave and Sandy had no other income.Because of the partnership activities, Dave's A.G.I, increased by

A) $100,000
B) $55,000
C) $50,000
D) $35,000