Ando, Dadd, and Porter formed a partnership on January 1, 2017. Ando invested $60,000, Dadd $60,000 and Porter $140,000. Ando will manage the store and work 40 hours per week in the store. Dadd will work 20 hours per week in the store, and Porter will not work. Ando withdrew $13,600, Dadd $14,200 and Porter $2,600 from the partnership. (1) Net income is $120,000 and the income ratio is Ando 40%, Dadd 35%, and Porter 25%. Prepare the journal entry to record the allocation of net income. A schedule of the allocation of net income is not required. Show computations. (2) Net income is $125,000 and the partnership agreement only specifies a salary of $50,000 to Ando and $30,000 to Dadd. Any remaining income equally. Prepare a schedule showing the allocation of net income. Prepare the journal entry to record the allocation of net income. (3) Net income is $76,000 and the partnership agreement provides for (a) a salary of $40,000 to Ando and $40,000 to Dadd, (b) interest on beginning capital balances at the rate of 10%, and (c) any remaining income or loss is to be shared by Ando 40%, Dadd 35%, and Porter 25%. Prepare a schedule showing the allocation of net income. (4) Compute Ando ending capital balance at the end of 2017 under assumption