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Question 4 Sunland Company reported net income of $97,700. The partnership agreement provides for salaries of $24,400 to Miley and $16,400 to Guthrie. They divide the remainder 32 to Miey do Guthrie. Calculate division of net income. Miley Guthrie Division of ret Income Prepare the closing entry. (Credit account titles are automatically indented when amount is entere. Do not indent manually) Account Titles and Explanation Debit Credit the nation Qren Show Work