Exercise 177 Barr & Eglin Co. reports net income of $42,000. The partnership agreement provides for annual salaries of $24,000 for Barr and $18,000 for Eglin and interest allowances of $4,000 to Barr and $6,000 to Eglin. Any remaining income or loss is to be shared 70% by Barr and 30% by Eglin. Compute the amount of net income distributed to each partner. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parentheses e.g. (15,000).) Division of Net Income Barr Eglin Total Salary allowance Interest allowance Total salaries and interest Remaining deficiency Total division Click if you would like to Show Work for this question: Open Show Work