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Partners John and Dickens have capital balances in a partnership of $154000 and $238000, respectively....

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Accounting

Partners John and Dickens have capital balances in a partnership of $154000 and $238000, respectively. They agree to share profits and losses as follows:

John

Dickens

As salaries

 $39300 $47100

As interest on capital at the beginning of the year

 10% 10%

Remaining profits or losses

 50% 50%

If income for the year was $111000, what will be the allocation of income to John?

$62800

$39200

$47400

$54700

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