Business
Business, 16.04.2020 21:08, Lilleypad07

Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $61,200, Davis contributing $51,000 and Singer contributing $40,800. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $78,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?

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Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $61,200, Davis contributin...

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