Question: Scenario A: Partners A , B , and C operate a business with profit sharing ratios of 5 : 3 : 2 , and capital

Scenario A: Partners A, B, and C operate a business with profit sharing ratios of 5:3:2, and capital balances of $300,000, $200,000, and $100,000 respectively. The total income for the year is $300,000. Each partner receives a fixed salary of $50,000, and they are entitled to earn 10% interest on their capital balances. Calculate the total income allocated to Partner A.

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