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John prado and ayana nicks formed a partnership, dividing income as follows: annual salary allowance to prado, $10,000 and nicks, $28,000. interest of 5% on each partner's capital balance on january 1. any remaining net income divided equally. prado and nicks had $20,000 and $50,000, respectively, in their january 1 capital balances. net income for the year was $30,000.how much net income should be distributed to prado and nicks?
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John prado and ayana nicks formed a partnership, dividing income as follows: annual salary allowanc...
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