A. Lot and B. Sharpless have decided their partnership earnings will be shared as follows: (a) 12% interest allowance on capital balances at beginning of year, (b) remainder to be shared equally. Capital balances of Lot and Sharpless at the beginning of the year are $83,000 and $31,000, respectively. Net income is $20,000 for the year. Record the journal entry to update the capital balances of Lot and Sharpless on December 31.