Bannister invested $110,000 and Wilder invested $99,000 in a new partnership.Their partnership agreement called for Wilder to receive a $70,000 annual salary allowance.They also agreed to an annual interest allowance of 5% on the partners' beginning-year capital balance,with the balance of income or loss to be divided equally.Under this agreement,what are the income or loss shares of the partners if the annual partnership income is $82,000?

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The Answer of Bannister invested $110,000 and Wilder invested $99,000 in a new partnership.Their partnership agreement called for Wilder to receive a $70,000 annual salary allowance.They also agreed to an annual interest allowance of 5% on the partners' beginning-year capital balance,with the balance of income or loss to be divided equally.Under this agreement,what are the income or loss shares of the partners if the annual partnership income is $82,000?

Bannister Invested $110,000 and Wilder Invested $99,000 in a New