Question - Jack and Jill share income and losses in a 2:1 ratio after allowing for salaries to Jack of $23,531 and $29,861 to Jill. Net income for the partnership is $45,486. How should income be divided?
a) Jack, $18,260; Jill, $27,226
b) Jack, $22,743; Jill, $22,743
c) Jack, $15,625; Jill, $15,625
d) Jack, $30,324; Jill, $15,162