Elaine Valero is a limited partner in a marketing and design firm.During the previous year her return on partnership equity was 14%.During this time,the beginning and ending balances in her capital account were $210,000 and $230,000 respectively.What was Elaine's partnership net income for this year?
A)$29,400.00
B)$30,800.00
C)$32,200.00
D)$1,500,000.00
E)$1,642,857.14

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The Answer of Elaine Valero is a limited partner in a marketing and design firm.During the previous year her return on partnership equity was 14%.During this time,the beginning and ending balances in her capital account were $210,000 and $230,000 respectively.What was Elaine's partnership net income for this year?
A)$29,400.00
B)$30,800.00
C)$32,200.00
D)$1,500,000.00
E)$1,642,857.14

Elaine Valero Is a Limited Partner in a Marketing and Design