Ayah and Sara are partners in Friends Partnership Ayah invests $250,000 and Sara invests $450,000. They agree to grant salary allowance of $40,000 to Ayah and $60,000 to Sara, an 10% interest allowance on beginning capital balances and to share any remaining income or loss equally. Friend partnership reports net income of $210,000 for this year
Required: Use the above information and determin how much Ayah and Sara will receive.
PLEASE: WRITE THE FINAL AMOUNT TO BE GIVEN TO EACH PARTNER. DO NOT USE: $ or ,
For example, if the answer is $10,000 for Ayah and $15,000 for Sara, you MUST write in the following form:
10000
15000