The Fig & Olive Co$.$ reports net income of $$25,100.$ Interest allowances are Fig $$3,400$ and Olive $$6,200$; partner salary allowances are Fig $$18,300$ and Olive $$10,300$ and the remainder is shared equally.

Indicate the division of net income to each partner. $($If an amount reduces the account balance then enter with a negative sign preceding the number es$.-15,000$ or parentheses eg$.(15,000)).$

Prepare the entry to distribute the net income. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit