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Sheridan co. Reports net income of $75,000. Partner salary allowances are Pitts $11,000, Filbert $5,000, and written $4,000. Indicate the vdivision of net income to

Sheridan co. Reports net income of $75,000. Partner salary allowances are Pitts $11,000, Filbert $5,000, and written $4,000. Indicate the vdivision of net income to each partner, assuming the income ratio is 50 : 20 : 30; respectively

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