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Division of net income

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PFW Co. reports net income of $76,900. Partner salary allowances are Pitts $16,130, Filbert $3,110, and Witten $6,500. Indicate the division of net income to each partner, assuming the income ratio is 50 : 30 : 20, respectively. Division of Net Income Salary Allowance Pitts Filbert Witten Total $_16,130___ $ _3,110__ $_6,500___ $_25,740____ Remaining income $___________ $________ $________ $___________ Total division of net income $_______ $________ $_________ $____________ Need help answering above question

Reference no: EM13974125

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