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Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of

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Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of $16,900 and that Bright should receive a $19,600 salary allowance. Any remaining income or loss is to be shared equally Determine each partner's share of the current year's net income of $50.300. (Enter all allowances as positive values. Enter losses as negative values.) Total 50,300 0 Allocation of Partnership Income Stolton Bright Not Income Salary allowances Balance of income Balance allocated oqually Balance of income Shares of the partners 5 5 0 $ 0

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