Zandusky invested $50,000 and Laurie invested $40,000 in a partnership and agreed to share income and losses by allowing a $5,000 annual salary allowance to Zandusky and a $6,000 annual salary allowance to Laurie.As well,each partner is to receive a share of net income equal to a 10% return on capital investments,and the balance is to be divided equally.Under this agreement,what are the shares of the partners if the partnership income is $65,000?

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The Answer of Zandusky invested $50,000 and Laurie invested $40,000 in a partnership and agreed to share income and losses by allowing a $5,000 annual salary allowance to Zandusky and a $6,000 annual salary allowance to Laurie.As well,each partner is to receive a share of net income equal to a 10% return on capital investments,and the balance is to be divided equally.Under this agreement,what are the shares of the partners if the partnership income is $65,000?

Zandusky Invested $50,000 and Laurie Invested $40,000 in a Partnership