1. Mohammed (beginning capital, $50,000) and Salim (beginning capital $80,000) are partners. During 2012, the partnership earned net income of $80,000, and Mohammed made drawings of $17,000 while Salim made drawings of $20,000. Instructions (a) Assume the partnership income-sharing agreement calls for income to be divided 45% to Mohammed and 55% to Salim. Prepare the journal entry to record the allocation of net income. (b) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,000 to Mohammed and $25,000 to Salim, with the remainder divided 45% to Mohammed and 55% to Salim. Prepare the journal entry to record the allocation of net income. (c) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to Mohammed and $35,000 to Salim, 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).