Brief Exercise 12-03 Rod Dall Co. reports net income of $90,000. The income ratios are Rod 68% and Dall 32%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Brief Exercise 12-03 Rod Dall Co. reports net income of $90,000. The income ratios prepare the entry to distribute the net income. (Credit accoun manually.) Account Titles and Explanation Debit Credit Rod, Drawings Rod, Capital Accounts Payable Dall, Capital Net Income / (Loss) Accounts Receivable Dall, Drawings Income Summary Cash