Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year
Goodman, Pinkman, and White formed a
What was Goodman’s total share of net income for 2020?
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$41,500.
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$35,000.
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$26,000.
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$38,500.
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$47,500.
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