Exercise 174 The Jamison and Stephens partnership reports net income of $50,000. Partner salary allowances are Jamison $20,000 and Stephens $12,000. Any remaining income is shared 60:40. Determine the amount of net income allocated to each partner. Division of Net Income Jamison Stephens Total Salary allowance $ $ Remaining income Total division $ Click if you would like to Show Work for this question: Open Show Work