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Nabb & Fry Co. reports net income of $26,000. Interest allowances are Nabb $7,700 and Fry $5,900, salary allowances are Nabb $14,600 and Fry $10,000,

Nabb & Fry Co. reports net income of $26,000. Interest allowances are Nabb $7,700 and Fry $5,900, salary allowances are Nabb $14,600 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

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount
Interest allowance

enter a dollar amount

enter a dollar amount

enter a dollar amount
Remaining excess/deficiency

enter a dollar amount

enter a dollar amount

enter a dollar amount
Total division of net income

$enter a total amount

$enter a total amount

$enter a total amount


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