Tanner and Teresa share income and losses in a 2:1 ratio (2/3 to Tanner and 1/3 to Teresa) after allowing for salaries of $45,000 to Tanner and S62,400 to Teresa. Net income of the partnership is...

Extracted text: Tanner and Teresa share income and losses in a 2:1 ratio (2/3 to Tanner and 1/3 to Teresa) after allowing for salaries of $45,000 to Tanner and S62,400 to Teresa. Net income of the partnership is $132,300. How should income be divided for Tanner and Teresa? a. Tanner, $56,600; Teresa, S75,700 Ob. Tanner, $61,600; Teresa, $70,700 Oc. Tanner, $57,600; Teresa, S74,700 Od. Tanner, S75,700; Teresa, $56,600