Current Attempt in Progress Partners Gary and Dickens have capital balances in a partnership of $163000 and $240000, respectively. They agree to share profits and losses as follows: As salaries As interest on capital at the beginning of the year Remaining profits or losses O $40300 O $49950 O $63550 O $55500 Gary $39200 $47600 10% Dickens 50% 10% 50% If income for the year was $116000, what will be the allocation of income to Gary?

Partners Gary and Dickens have capital balances in a partnership of $163000 and $240000, respectively. They agree to share profits and losses as follows: If income for the year was $116000, what will be the allocation of income to Gary? $40300 $49950 $63550 $55500