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8 A, B and C formed a partnership on January 1, 2007 with inve $200,000,...

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8 A, B and C formed a partnership on January 1, 2007 with inve $200,000, $300.00 and $400,000 respectively. The profit and loss sharing ratio is 20% for A, 30% for B and 50% for C. For divisio have agreed: stments of n of income, they 1. interest of 10% of beginning capital balance each year 2. annual compensation of $10,000 for B. The partnership eams $500,000 in its first year of operation. Each partner draws $1000 a month. What is B's share of the net income What is C's capital balance at the end of the first year

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