Larry, Moe and Curly have capital balances of $100,000, $90,000 and $80,000 respectively. The partnership agreement states the profit-and-loss sharing ratio is: salaries of $10,000, $12,000 and $15,000 to Larry, Moe and Curly respectively; 10% interest on beginning capital balances; balance of profits (losses) to be shared 4:3:3 to Larry, Moe and Curly respectively. Profit for the period is $95,000. The profit (loss) for each partner is:
A.
Larry $31,667; Moe $31,667 and Curly $31,666
B.
Larry $32,400; Moe $30,300 and Curly $32,300
C.
Larry $20,000; Moe $21,000 and Curly $23,000
D.
Larry $12,400; Moe $9,300 and Curly $9,300