Question 4 of 9 - 72 E View Policies Current Attempt in Progress Crane Co. reports net income of $55,000. Partner salary allowances are Pitts $16,000, Filbert $4,000, and Witten $5,000. Indicate the division of net income to each partner, assuming the income ratio is 50:24:26, respectively. Division of Net Income Pitts Filbert Witten Total $ $ $ Salary allowance Remaining income Total division of net income $ $ $ I -12 Question 5 of 9 View Policies Current Attempt in Progress Nabb & Fry Co. reports net income of $27.000. Interest allowances are Nabb $5.900 and Fry $4,600, salary allowances are Nabb $15.200 and Fry $11000, 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 interest allowance Remaining excess/deficiency $ $ $ Total division of net income