Business, 12.08.2021 21:00 cynone8254

Saul Goodman, Jessy Pinkman, and Walter White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was the remainder portion of net income allocated to White for 2021? A) $62,160.
B) $96,000.
C) $68,160.
D) $90,000.
E) $74,160.

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Saul Goodman, Jessy Pinkman, and Walter White formed a partnership on January 1, 2020, and made capi...

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