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Partners Cantor and Dickens have capital balances in a partnership of $161000and $234000, respectively. They...

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Accounting

Partners Cantor and Dickens have capital balances in a partnership of $161000and $234000, respectively. They agree to share profits and losses as follows:

CantorDickensAs salaries$41000$49000As interest on capital at the beginning of the year10%10%Remaining profits or losses50%50%

If income for the year was $192000, what will be the allocation of income to Dickens?

$79000

$103650

$88350

$39500

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