Business, 15.02.2021 21:00 KillerSteamcar

Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $54,000, Davis contributing $45,000 and Singer contributing $36,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $60,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account

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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $54,000, Davis contributin...