Question: What is the answer for this question? Tom and Jerry formed a partnership trading as T & J Financial Services. In their partnership agreement it

What is the answer for this question?

Tom and Jerry formed a partnership trading as T & J Financial Services. In their partnership agreement it was not stated how they will split any profit or loss.At 30 June 2019 the Partner's Equity is as follows: Tom: $144,000; Jerry: $176,000. At 31 December T & J made a profit of $18,000. How would this profit be shared between Tom and Jerry?

a.Tom: $18,000; Jerry: $0

b.Tom: $8,100; Jerry: $9,900

c.Tom: $9,900; Jerry: $8,100

d.Tom: $0; Jerry: $18,000

e.Tom: $9,000; Jerry: $9,000

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