Question: The partnership agreement of Sigmon and Willie provides for salary
The partnership agreement of Sigmon and Willie provides for salary allowances of $ 78,000 per year for Sigmon and $ 66,000 per year for Willie. They share the remaining balance of net income on the basis of three-fifths for Sigmon and two-fifths for Willie. The net income amounts to $ 146,000. Calculate the total share for each partner.
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