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Assume that Abe, Bea, and Cy are equal partners in the ABC Partnership, and maintained average capital balances during 20x1 of $50, $80, and $20,...

Assume that Abe, Bea, and Cy are equal partners in the ABC Partnership, and maintained average capital balances during 20x1 of $50, $80, and $20, respectively. To encourage the partners to leave capital in the business, each partner is paid 10% on the capital balances they maintain. Bea runs the store, and is provided a $20 salary on top of profits. If partnership income during 20x1 totaled $71 what is the allocation of capital for Bea.


A) $17


B) $40


C) $14


D) $54

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