Ahmed and Lama are partners in a partnership with $150,000 total capital. Net*** Income is distributed based on the capital balances which is 6:4. The income should be distributed based on the following criteria: - Salaries for Ahmed and Lama are $24,000 and $18,000 each year respectively. Drawings during the year were as follow $10,000 for Ahmed and $6,000 for Lama. Interest rate on capital balances is 12% yearly. Net income of the year is $120,000. Required: 1. Calculate the income for each partner 2. Journalize the required entries 3. Prepare the equity section of the statement of the financial position.