Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $34,000 and $26,000, respectively; and the remainder to be divided equally. How much of the net income of $120,000 is allocated to Xavier?

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Xavier receives $10,000 as interest (20% of $50,000) and a $34,000 salary allowance. The remaining income after interest and salaries is $16,000, which is divided equally, giving Xavier an additional $8,000. Total: $10,000 + $34,000 + $8,000 = $52,000.

Xavier and Yolanda Have Original Investments of $50,000 and $100,000