Crane Co. reports net income of $64,000. Partner salary allowances are Pitts $18,000, Filbert $3,000, and Witten $8,000. Indicate the division of net income to each partner, assuming the income ratio is 50: 27: 23, respectively. Salary allowance Remaining income A Pitts 18,000 $ 17,500 Division of Net Income Filbert Witten 3,000 $ +A 9,450 8,000 8,050 Total division of 35,500 12,450 $ 16,050 net income A Total -2 3