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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $62,400, Davis contributing $52,000 and...

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Accounting

Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $62,400, Davis contributing $52,000 and Singer contributing $41,600. Their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $81,000 for its first year of operation, what amount of income would be credited to Singer's capital account?

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