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Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has...

Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has a capital balance of $45,000 and devotes half time to the partnership. If no other information is available regarding distributions, how should net income be divided?

a.

33% to Jefferson and 67% to Washington
b.

59% to Jefferson and 41% to Washington
c.

41% to Jefferson and 59% to Washington
d.

50% to Jefferson and 50% to Washington
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