8 of 10 View Policies Show Attempt History < Current Attempt in Progress 3.72/6 At the end of its first year of operations on December 31, 2022, Blossom Company's accounts show the following Partner Drawings Capital Art Niensted $23,460 $48,960 Greg Bolen 11,508 30,600 Krista Sayler 10,200 25,500 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. (a) Your answer is partially correct Question 8 of 10 < > (a) 3.72/6 Your answer is partially correct Journalize the entry to record the division of net income for the year 2022 under each of the following independent assumptions (Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. Net income is $30,600. Income is shared 6:3:1. 2. Net income is $40,800. Niensted and Bolen are given salary allowances of $15,300 and $10,200, respectively. The remainder is shared equally 3. Net income is $19,380. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $15,300 salary allowance. The remainder is shared equally. No. Account Titles and Explanation 1. Income Summary A Niensted, Capital G.Bolen Catal Debit 30600 Credit 10360 79+5 Question 8 of 10 < > A Niensted. Capital G. Bolen, Capital K. Sayler, Capital 2. Income Summary A Niensted, Capital G. Bolen, Capital K. Sayler, Capital 3. Income Summary A Niensted Capital G.Bolen Capital K.Sayler, Capital 40800 19380 10360 9180 3060 20400 15300 5100 16660 1360 1340 3.72/6 E