PROBLEM, IV $(20\%)$ Peter Paul and Mary are partners. Their partnership agreement calls for distribution on income to be done as follows:

$1.$ Salaries for Peter, Paul and Mary are $$10,000.$ $$20,000$ and $$30\mathrm{.}000$ respectively. $2.10\%$ interest on all average capital balances. Peter's capital balance was $ $100\mathrm{.}000,$ Paul's was $$40\mathrm{.}000$ andMary's was $$60,000.3.$ The remainder was divided on a $2$:$1$:$1$ ratio.

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