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* Your answer is incorrect. Nabb & Fry Co. reports net income of $29,000. Interest allowances are Nabb $5,500 and Fry $5,700, salary allowances are
* Your answer is incorrect. Nabb & Fry Co. reports net income of $29,000. Interest allowances are Nabb $5,500 and Fry $5,700, salary allowances are Nabb $14,200 and Fry $11,000, and the remainder is shared equally. Show the distribution of income. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) Salary allowance Interest allowance Remaining excess/deficiency CA $ Nabb Division of Net Income Fry 5500 $ 14200 9300 Total division of net income $ 19700 5700 $ 11000 CA Total 11200 25200
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