1 1 Q 10 Khalid Al Abri (beginning capital, $50,000) and Majid Al Rawahi (beginning capital $80,000) are partners. During 2020, the partnership eamed net income of $60,000, and + Khalid made drawings of $15,000 while Majid mde drawings of $20,000. Instructions (a), Assume the partnership income-sharing agreement calls forincome to be divided 65% to Khalid and 35% to Majid. Prepare the journal entry to record the allocation of net income. (b). Assume the partnershipincome-sharing agreement calls forincome to be divided with a salary of $35,000 to Khalid and $20,000 to Majid Al Rawahi, with the | remainder divided 65% to Khalid Al Abri and 35% to Majid Al Rawahi. Prepare i the journal entry to record the allocation of net income. 1 3 1 (C). Assume the partnershipincome-sharing agreement calls forincome to be divided with a salary of $45,000 to Khalid Al Abri and $30,000 to Majid Al Rawahi, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (d). Compute the partners' ending capital balances under the assumption in part (c)