During 2010,Carpenter Invested $75,000 and DiAngelo Invested $90,000 in a Partnership.They

Multiple Choice

During 2010,Carpenter invested $75,000 and DiAngelo invested $90,000 in a partnership.They agreed to share incomes and losses by allowing a $40,000 per year salary allowance to Carpenter and a $42,000 per year salary allowance to DiAngelo,plus an interest allowance on the partners' beginning-year capital investments at 8%,with the balance to be shared equally.Under this agreement,if the partnership earns net income of $300,000 during 2010 the income allocated to each partner is:

A) $40,000 to Carpenter; $42,000 to DiAngelo
B) $148,400 to Carpenter; $151,600 to DiAngelo
C) $43,200 to Carpenter; $45,360 to DiAngelo
D) $150,000 to Carpenter; $150,000 to DiAngelo
E) $105,720 to Carpenter; $105,720 to DiAngelo