Mai Pederson and Renee Walter have formed a partnership

Mai Pederson and Renee Walter have formed a partnership During their first year of operations the partnership earned 160 comma 000 Theirprofitandlosssharing agreement states that first each partner will receive 25 of their capital balances The second level is based on services with 20 comma 000 to Pederson and 16 comma 000 to Walter The remainder then will be shared 32 between Pederson and Walter respectively