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Sunland Company reported net income of $84,400. The partnership agreement provides for salaries of $20,100 to Miley and $18,900 to Guthrie. They divide the remainder
Sunland Company reported net income of $84,400. The partnership agreement provides for salaries of $20,100 to Miley and $18,900 to Guthrie. They divide the remainder 35% to Miley and 65% to Guthrie. (a1) Calculate division of net income.
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