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PFW Co. reports net income of $68,100. Partner salary allowances are Pitts $14,870, Filbert $4,350, and Witten $6,330. Indicate the division of net income to
PFW Co. reports net income of $68,100. Partner salary allowances are Pitts $14,870, Filbert $4,350, and Witten $6,330. Indicate the division of net income to each partner, assuming the income ratio is 60 : 20 : 20, respectively. Division of Net Income Pitts Filbert Witten Total Salary allowance $ $ $ $ Remaining income Total division of net income $ $ $ $ Click if you would like to Show Work for this question:
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