Luisa, Lois, and Lucy operate a boutique named Mariabelle's Dreams. Based on advice from Luisa's sister, an accountant, the three form a partnership. Luisa owns 40% and Lois and Lucy each own 30%. For the year, Mariabelle's Dreams reports the following: What amount will Mariabelle's Dreams report to Luisa as her ordinary income from the partnership?
A) $54,000
B) $54,400
C) $54,800
D) $55,600
E) $ 56,000
Correct Answer:
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