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Current Attempt in Progress Rod Dall Co. reports net income of $71,000. The income ratios...

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Accounting

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Current Attempt in Progress Rod Dall Co. reports net income of $71,000. The income ratios are Rod 54% and Dall 46%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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