Tom and Jerry formed a partnership at the beginning of year 19x5 by investing $30,000 and $50,000 respectively, on January 1, 19x5. Tom invested an additional $15,000 on March 1, and Jerry invested an additional $5,000 on August 1 On November 1, 19x5, Tom withdrew $15,000, and on December 1, 19x5, jerry withdrew $25,000. Their ending capital accounts were $30,000. The net income from operations, before salary and interest allowances, amounts to $27,000.

Tom and Jerry are to receive salaries of $12,000 and $14,400 respectively, and interest is 5% on their average capital balances with the remaining profit or loss being shared equally. Tom would receive
A) 12,050
B) 14,000
C) 14,950
D) 15,050

Tom Jerry Total
Interest 1500 1500 3000
Salaries 12000 14400 26400
Balance (1200) (1200) (2400)
total 12300 14700 27000

I can't figure out what I am doing wrong. Please any advice would be appreciated.