Blaser,Lukins,and Franko Formed a Partnership with Blaser Contributing $160,000,Lukins Contributing

Multiple Choice

Blaser,Lukins,and Franko formed a partnership with Blaser contributing $160,000,Lukins contributing $520,000,and Franko contributing $240,000.Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments.If the partnership had income of $275,000 for its first year of operation,what amount of income (rounded to the nearest dollar) would be credited to Franko's capital account?

A) $50,000
B) $240,000
C) $91,667
D) $71,739
E) $275,000