Question: Wildhourse company has cash proceeds from sales of $10,970. this amount includes $570 of sales taxes. give the entry to record the proceeds & fry co. reports net income of $25,000. interest allowances are nabb $8,000 and Fry $5,700. salary allowances are Nabb $15,100 and Fry $10,600 and the remainder is shared equally. show the distribution of income