Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,100to Coburn and $35,000to Webb, interest of12% on beginning capital, and the remainder divided 50%-50%. Fill the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Cubum [beginning capital, $58,400] and Webb [beginning capital 594,300) are partners. During 2014, the partnership eemed net inmme of $69,400. and [:0me made drawings of $19,150 while Webb made drawings of $24,370. *(8) 4 Yuur answer is cu rrect. AEIJITIE the partnership incbme-sharing agreement rails for inmme tn be divided 45% to Cubum and 55% to Webb. Prepare the jbur'hai entry to record the allucatibn bl' net in(brhe. (Credit accuunt tities are autnmaticay indented when amount is entered. Do not indent manuaJ'Iy.) L:[lnuclrne Summaryi 4 gioburn, Capitali 4 7 galebb, CaprtaI Attempts: 1 of 3 used *(b) 4 Ynur answer is. ca rrect. Assume the partnership incume-sharing agreement calls for inmme tu be divided with a salary of $30,800 tn Cnbum and $25,700 to Webb, with the remainder divided 45% to Coburn and 55% to Webb. Prepare the juumal entryI tn I'EIZEll'd the allocatibn bf net incume. (Credit account trie; are autnmamy indented when amount is entered. Dd nut indent manually.) mmnu- Explmlthn Ddrlt Guilt %nmme Summaryi EEQADU '13 ElCr.rbur thpitali J EIWebb, Capital v i .z i Attempts: 1 of 3 used *(c) AEIJITIE the partnership incbme-sharing agreement rails for inmme tn be divided with a salary of $40,100 b1 Cbbum and $35,000 to Webb, interest uf12% on beginning capital, and the remainder divided 50%50%. Prepare the juur'nal entry to record the aliucation of net income. {Credit account titfes are autumaticay indented when amount is entered. Do not indent manuay.) Anni-1116- ndExpl-rlth Guilt