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Jenny and Lisa Co. reports net income of #31,000 (amounts in thousands). Interest allowances are Jenny W7,000 and Lisa W5,000, salary allowances are Jenny W15,000 and Lisa W10,000, and the remainder is shared equally. Show the distribution of income. Instruction: Show division of net income when allowances exceed net income. CORINI Corporation experienced a fire on December 31, 2020, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. December 31, 2020 December 31, 2019 Cash $ 30,000 $ 10,000 Accounts receivables (net) 84,000 126,000 Inventory 200,000 180,000 Accounts payable 50,000 90,000 Notes payable 30,000 60,000 Share capital - ordinary, $100 par 400,000 400,000 Retained earnings 130,000 101,000 Additional information: 1. The inventory turnover is 5 times 2. The return on ordinary shareholders' equity is 18%. The company had no share premium. 3. The accounts receivable turnover is 9.4 times. 4. The return on assets is 16%. 5. Total assets at December 31, 2019, were $585,000. Instructions Compute the following for CORINI Corporation. (a) Cost of goods sold for 2020. (b) Net sales (credit) for 2020. () Net income for 2020. (d) Total assets at December 31, 2020