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Problem – Dividing Net Income SDT Co. reports net income of $55,000. Partner salary allowances are...

Problem – Dividing Net Income

SDT Co. reports net income of $55,000. Partner salary allowances are Sweet $15,000, Drinian $5,000, and Tavros $5,000.

1. How to Prepare a schedule showing the distribution of net income.

2. and what Journalize the allocation of net income.

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