The articles of partnership for Pal$-$Trotter Partnership provide for a salary allowance of $$5,300$ per month for partner Trotter, with the balance of net income to be divided equally. If Trotter made an additional investment of $$10,300$ during the year and withdrew $$3,500$ per month, and net income for the year was $$86,000,$ by what amount did Trotter's capital increase during the year?

  

Answer rating: 100% (QA)

Lets break down the changes in Trotters capital throughout the year based on the information provide... View the full answer