arrell and Jimmy enter into a partnership agreement on May 1, 2018. Farrell contributes $ 40 comma 000 and Jimmy contributes $ 150 comma 000 as their capital contributions. They decide to share profits and losses in the ratio of their respective capital account balances. The net income for the year ended December 31, 2018 is $ 50 comma 000. Which of the following is the correct journal entry to record the allocation of profit? (Do not round any intermediate calculations. Round your final answers to the nearest dollar.) A. Farrell, Capital 10 comma 526 Jimmy, Capital 39 comma 474 Income Summary 50 comma 000 B. Income Summary 50 comma 000 Farrell, Capital 10 comma 526 Jimmy, Capital 39 comma 474 C. Farrell, Capital 39 comma 474 Jimmy, Capital 39 comma 474 D. Income Summary 28 comma 948 Farrell, Capital 10 comma 526 Jimmy, Capital 39 comma 474