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Wildhorse Co. reports net income of $73,000. Partner salary allowances are Pitts $15,000, Filbert $6,000, and Witten $5,000. Indicate the division of net income

Wildhorse Co. reports net income of $73,000. Partner salary allowances are Pitts $15,000, Filbert $6,000, and Witten $5,000. Indicate the division of net income to each partner, assuming the income ratio is 55:29:16, respectively. Salary allowance $ Remaining income Total division of net income $ Pitts eTextbook and Media 17 Division of Net Income Filbert Witten Tota

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