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What was pinkman total share of net income

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Question - Goodman, Pinkman, and White formed a partnership on January 1, 2022, 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: interest of an amount equal to 10% of the that partner's beginning capital balance for the year:

Annual compensation of $15,000 to Pinkman: and he remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White.

Net income was $200,000 in 2022 Each partner withdrew $1,500 for personal use every month during 2022. What was Pinkman's total share of net income for 2022?

Reference no: EM133186650

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