The annual net income of the SGR partnership is to be distributed so that Steve receives 25% less than Gord, and Rob receives 14% more than Gord. The past year's net income was $80,000. What amount should be allocated to Gord? Express your answer to 2 decimal places.

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As per given in the questionThe annual net income of the SGR partnership is to be distributed so tha... View the full answer