Wheadon,Davis,and Singer Formed a Partnership with Wheadon Contributing $60,000,Davis Contributing

Multiple Choice

Wheadon,Davis,and Singer formed a partnership with Wheadon contributing $60,000,Davis contributing $50,000 and Singer contributing $40,000.Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments.If the partnership had income of $75,000 for its first year of operation,what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?

A) $20,000.
B) $25,000.
C) $30,000.
D) $40,000.
E) $75,000.