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Carla Vista Company reported net income of $83,000. The partnership agreement provides for salaries of $22,100 to Miley and $17,100 to Guthrie. They divide the remainder 32% to Miley and 68% to Guthrie.

Miley Guthrie Division of net income 36116 46884 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (a2) Prepare the closing entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit