The JPB partnership reported net income of $160,000 for the year ended December 31, 2008. According to the partnership agreement, partnership profits and losses are to be distributed as follows: 
How should partnership net income for 2008 be allocated to J, P, and B? 
Definitions:
Stock Investments
The purchase of shares in a company with the expectation of generating income or capital gains.
Insignificant Influence
Refers to a situation in which an investor does not have enough stake or power in an investee company to affect its decisions or policies.
Equity Method Investments
An accounting technique used to record investments in which the investor holds significant influence over the investee, usually recognized when owning 20-50% of the voting stock.
Cash Dividends
Earnings distributed to shareholders in the form of cash, reflecting a company's profitability and its decision to return a portion of profits back to investors.
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