Anwar runs a sole proprietorship and earns yearly profits of $24000. He chooses to bring Dilip in as a partner. They agree that Anwar will be paid a salary, while profits and losses are to be divided equally. The projected appropriation account for the partnership’s first year of trading is shown. By what amount will Anwar’s total income rise?
- A$1000
- B$6000
- C$16000
- D$26000