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Xavier and Yolanda have original investments of $46,700 and $103,500, respectively, in a partnership. The...

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Accounting

Xavier and Yolanda have original investments of $46,700 and $103,500, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $27,400 and $31,200, respectively; and the remainder to be divided equally. How much of the net income of $106,200 is allocated to Xavier?

a. $45,520

b. $36,740

c. $27,400

d. $54,624

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