Anwar is a sole trader who makes annual profits of $24000. He chooses to bring Dilip in as a partner. They agree that Anwar will be paid a salary, and that profits and losses will be split equally. The forecast appropriation account for the partnership’s first year of trading is shown. By how much will Anwar’s total income rise?
- A$1000
- B$6000
- C$16000
- D$26000