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Nabb & Fry Co. reports net income of $27,000, Interest allowances are Nabb $5,000 and Fry $5,300, salary allowances are Nabb $14,800 and Fry $10,300,

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Nabb & Fry Co. reports net income of $27,000, Interest allowances are Nabb $5,000 and Fry $5,300, salary allowances are Nabb $14,800 and Fry $10,300, and the remainder is shared equally. Show the distribution of income. Of an amount reduces the account balance then enter with a negative sign preceding the number os. -15,000 or parenthesis es (15,000) Division of Net Income Nabb Fry Total Salary allowance 5000 $ 5300 10300 Interest allowance 14800 10300 25100 Remaining excess/deficiency 19800 15300 35100 Total division of net income 15600 11400 27000

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