Assume the partnership income$-$sharing agreement calls for income to be divided with a salary of $$38,000$ to Coburn and $$33,000$ to Webb, interest of $12\%$ on beginning capital, and the remainder divided $50\%-50\%.$ Prepare the journal entry to record the allocation of net income. $($Credit account titles are automaticolly indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit