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brief Exercise 12-04 Sheridan Coreports net income of $75,000. Partner salary allowances are Pitts $11,000,Fibert $5,000, and Waten $4,000. Indicate the division of net income

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brief Exercise 12-04 Sheridan Coreports net income of $75,000. Partner salary allowances are Pitts $11,000,Fibert $5,000, and Waten $4,000. Indicate the division of net income to each partner, assuming the income ratio is 501 20:30, respectively. Division of Net Income Pitts Filbert Witten Total Salary allowance Remaining income Total division of net income LENTO TE

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