## Answers

Total Income of Partnership | $176000 |

Profit share of Eli | $140800 |

Profit share of Alex | $35200 |

Net income of Partnership | $70300 |

Profit share of Eli | $56240 |

Profit share of Alex | $14060 |

Calculation of Alex's share of Income | |

Profit share of Alex | $14060 |

Salary allowance of alex | $35100 |

Alex's share of Income | $49160 |

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