Alice, bart, and celia formed a partnership with initial capital contributions of $ 80000, $92000 and $13400 respectively on January 1, 2021.They agreed that alice would earn a salary allowance of $20000 and that there would be an interest allowance of 3% on the begining capital and that the remaining profits and losses would be share in a 2:3:4 ratio. The following transaction occured in the following years:

A) The partnership reported income $80,000 in 2021. Prepare the calculations and journal entries.