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Partnership agrees to pay 66000 as final settlement to

Mathew, Patrick, and Robin have capital balances of $75,000, $120,000, and $93,000, respectively. As per the partnership agreement, Mathew gets a profit share of 2/9; Patrick gets 4/9; and Robin gets 3/9. Partnership agrees to pay $66,000 as final settlement to Mathew. How much bonus will Robin receive as a result of this transaction?

$4,000

$5,142

$5,000

$3,857

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Accounting Basics: Partnership agrees to pay 66000 as final settlement to

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