Cullumber Company reported net income of $87,100. The partnership agreement provides for salaries of $22,600 to Miley and $15,700 to Guthrie. They divide the remainder 34% to Miley and 66% to Guthrie. Calculate division of net income. Division of net income Miley Guthrie $ Prepare the closing entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit