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Brief Exercise 12-03 Rod Dall Co. reports net income of $79,000. The income ratios are Rod 63% and Dall 37%. Indicate the division of net

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Brief Exercise 12-03 Rod Dall Co. reports net income of $79,000. The income ratios are Rod 63% and Dall 37%. 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 Credin LIETOTEK

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