Jack and Jill Are Business Partners in JJ Sports

Jack and Jill are business partners in JJ Sports. Their partnership agreement states thatthe partners will share income in a 3:2 ratio Jack:Jill) . For the year ended December 31, 2016, the partnership earned $200,000.During 2016, Jack withdrew $40,000 cash from the business and Jill withdrew $30,000 cash. How much income would be allocated to Jill?

A) $30,000
B) $80,000
C) $40,000
D) $50,000
E) $110,000