Business, 06.02.2021 02:00 mercedesamatap21hx0

Steve Prince and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Prince of $139,200. Interest of 7% on each partner's capital balance on January 1. Any remaining net income divided to Prince and Stevens, 1:2. Prince and Stevens had $55,520 and $97,560, respectively, in their January 1 capital balances. Net income for the year was $240,000. How much is distributed to Prince and Stevens

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Steve Prince and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allo...