Partners E and F share profits and losses equally after each has been credited in all circumstances with annual salary allowances of $15,000 and $12,000, respectively. Under this agreement, E will...

Partners E and F share profits and losses equally after each has been credited in all circumstances with annual salary allowances of $15,000 and $12,000, respectively. Under this agreement, E will benefit by $3,000 more than F in which of the following circumstances?

(a) Only if the partnership has earnings of $27,000 or more for the year.

(b) Only if the partnership does not incur a loss for the year.

(c) In all earnings or loss situations.

(d) Only if the partnership has earnings of at least $3,000 for the year.