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E 16-4 Partnership income allocation-Salary allowance, bonus, and interest Rama, Shinta, and Lesmana created a partnership to own and operate a video rental store. The partnership agreement provides that profits are to be divided as follows: Rama receives bonus equal to 10 percent of income net of the bonus. Rama receives a salary of $12,000 and Shinta receives a salary of $10,000. All partners receive 10 percent interest on weighted average capital balances Remaining profits or losses are divided equally among the three partners. Additional information is summarized as follows: Lesmana Rama $200,000 Shinta $125,000 $75,000 Capital, January 1, 2016 Addition (Drawing): July 1, 2016 October 1, 2016 20,000 (12,000) (10,000) 15,000 5,000 REQUIRED: Prepare a schedule to allocate partnership net income of $110,000 for 2016