Assume the partnership income$-$sharing agreement calls for income to be divided with a salary of $$41,000$ to Coburn and $$36,000$ to Webb, interest of $10\%$ on beginning capital, and the remainder divided $50\%-50\%.$ Prepare the journal entry to record the allocation of net income. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit

Income Summary