Assume the partnership income-sharing agreement calls for income to be divided with a salary of $39,000 to Coburn and $34,000 to Webb, interest of 11% on beginning capital, and the remainder divided 50%50%. Prepare the journal entry to record the allocation of net income. (Credit account titles are outomatically indented when amount is entered. Do not indent manually) Attempts: 0 of 1 used Compute the partners' ending capital balances under the assumption in part (c) above. Assume the partnership income-sharing agreement calls for income to be divided with a salary of $39,000 to Coburn and $34,000 to Webb, interest of 11% on beginning capital, and the remainder divided 50% - 50%. Prepare the journal entry to record the allocation of net income. (Credit occount tiles are automaticolly indented when amount is entered. Do not indent manually) Compute the partners' ending capital balances under the assumption in part (c) above. Last saved 1 hour ago. Saved work. will be auto-submitted on the due date. Autosubmission can take up to 10 minutes. Coburn (beginning capital, $55,000 ) and Webb (beginning capital $95,000 ) are partners. During 2022, the partnership earned net income of $71,000, and Coburn made drawings of $17,000 while Webb made drawings of $25,000