Joe amp sam co reports net income of 26910 interest

Reference no: EM13597910

Joe & Sam Co. reports net income of $26,910. Interest allowances are Joe $6,500 and Sam $6,220; salary allowances are Joe $15,210 and Sam $11,430; the remainder is shared equally. Show the distribution of income on the income statement. (If amount is a decrease, use either a negative sign preceding the number.

Reference no: EM13597910

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