(13) Ahmed (beginning capital, $50,000) and Mahmoud (beginning capital $80,000) are partners. During 2017, the partnership earned net income of $60,000, and Ahmed made drawings of $15,000 while Mahmoud made drawings of $20,000. Instructions (a). Assume the partnership income-sharing agreement calls for income to be divided 55% to Ahmed and 45% to Mahmoud. Prepare the journal entry to record the allocation of net income. (1 mark) (b). Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,000 to Ahmed and $20,000 to Mahmoud, with the remainder divided 55% to Ahmed and 45% to Mahmoud. Prepare the journal entry to record the allocation of net income. (1.5 marks) (c). Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to Ahmed and $30,000 to Mahmoud, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (1.5 marks) (a). Compute the partners' ending capital balances under the assumption in part (c). (1 mark)