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PFW Co. reports net income of $55,000. Partner salary allowances are Pitts $13,000, Filbert $3,000, and Witten $3,000. Indicate the division of net income to

PFW Co. reports net income of $55,000. Partner salary allowances are Pitts $13,000, Filbert $3,000, and Witten $3,000. Indicate the division of net income to each partner, assuming the income ratio is 50 : 20 : 30, respectively.

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