Assume the partnership income-sharing agreement calls for income to be divided 40% to column and 60% to webb, 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.) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,300 to column and $ 25,100 to webb, with the reminder divided 40% to column and 60% to webb. Prepare are the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,700 to column and $ 35,600 to webb, interest of 12% on beginning capital, and the remainder divided 50%-50%. Prepare are the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Compute the partners ending capital balances under the assume in part (c) above