Capital 1/1/2020 Profit/loss% Withdrawals in 2020 Alice 39285 30% 15,000 Bob 26528 25% 45,000 Carol 41594 45% 30,000 For 2020, Bob earned a salary of $42117. Each partner receives interest of 8% of the beginning capital balance for the year. Total income of the partnership in 2020 was $120266. How much income should be attributed to Alice in 2020? What is Bob's capital balance at 12/31/2020?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Capital 1/1/2020 Profit/loss% Withdrawals in 2020

Alice 39285 30% 15,000

Bob 26528 25% 45,000

Carol 41594 45% 30,000

For 2020, Bob earned a salary of $42117. Each partner receives interest of 8% of the beginning capital balance for the year. Total income of the partnership in 2020 was $120266.

How much income should be attributed to Alice in 2020?

What is Bob's capital balance at 12/31/2020?

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