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blossom co. reports net income of $62,000. partner salary allowances are pitts $18,000, chelly $6,000, and written $5,000. Indicate the division of the net income
blossom co. reports net income of $62,000. partner salary allowances are pitts $18,000, chelly $6,000, and written $5,000. Indicate the division of the net income of each partner, assuming the income ratio is 57:28:15, respectively.
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