Exam 1Applying the interest allowance method, compute Julie’s and Jennifer’s share of net income if Julie invested $40,000 and Jennifer messed $24,000 at an 0% invested rate. equally. Net income was $10,000 Julie $3, 200, Jennifer $1, 920 Julie $6, 250. Jennifer $3, 750 Julie $5, 640, Jennifer $4, 360 None of the aboveShow transcribed image text Applying the interest allowance method, compute Julie’s and Jennifer’s share of net income if Julie invested $40,000 and Jennifer messed $24,000 at an 0% invested rate. equally. Net income was $10,000 Julie $3, 200, Jennifer $1, 920 Julie $6, 250. Jennifer $3, 750 Julie $5, 640, Jennifer $4, 360 None of the above
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