Allocation of Net Income of

Allocation of Net Income of - Allocation of Net Income of...

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Allocation of Net Income of $60,000 Dee Sue Jeanette Total Salary Allowances $15,000 $12,000 $ 5,000 $32,000 Interest (10% of beginning capital account balance) 2,000 4,000 10,000 16,000 17,000 16,000 15,000 48,000 Remainder (equally) 4,000 4,000 4,000 12,000 Net Income $21,000 $20,000 $19,000 $60,000 The investments and withdrawal activity did not impact the calculation of net income because they 
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