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Compute division of net income with a salary allowance and fixed ratios. 3. ESU Co. reports net income of $55,000. Partner salary allowances are Espino

Compute division of net income with a salary allowance and fixed ratios. 3. ESU Co. reports net income of $55,000. Partner salary allowances are Espino $15,000, Sears $5,000, and Utech $5,000. Indicate the division of net income to each partner, assuming the income ratio is 50:30:20, respectively

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