AccountingBLOCK

Edward, Robert, and Brenda form a partnership. Cash invested is $50,000 by Edward, $60,000 by Robert, and $90,000 by Brenda.

The articles of partnership specify that net income is to be divided by allocating a salary of $30,000 to Brenda, with the remainder of the income to be divided equally among the three partners. The partnership has net income of $120,000. How much of the income is allocated to Brenda?


$50,000
$30,000
$60,000
$40,000