Christie and Jergens Formed a Partnership with Capital Contributions of $300,000

Multiple Choice

Christie and Jergens formed a partnership with capital contributions of $300,000 and $400,000,respectively.Their partnership agreement calls for Christie to receive a $60,000 per year salary.Also,each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments.The remaining income or loss is to be divided equally.If the net income for the current year is $135,000,then Christie and Jergens's respective shares are:

A) $67,500;$67,500.
B) $92,500;$42,500.
C) $57,857;$77,143.
D) $90,000;$40,000.
E) $35,000;$100,000.