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Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $5,900 and Fry $4,400, salary allowances are Nabb $14,500 and Fry $10,000,

Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $5,900 and Fry $4,400, salary allowances are Nabb $14,500 and Fry $10,000, and the remainder is shared equally. Show the distribution of income. image text in transcribed

Nabb & Fry Co. reports net income of $25,000. Interest allowances are Nabb $5,900 and Fry $4,400, salary allowances are Nabb $14,500 and Fry $10,000, and the remainder is shared equally. Show the distribution of income. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) Division of Net Income Nabb Fry Total Salary allowance 14500 10000 ta 24500 Interest allowance 5900 4400 10300 Remaining excess/deficiency Total division of net income $ $ ta $ 25000

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