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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

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 $13,400 and that Bright should receive a $23,900 salary allowance. Any remaining income or loss is to be shared equally. Determine each partners share of the current years net income of $54,800. (Enter all allowances as positive values. Enter losses as negative values.)

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