At the end of its first year of operations on December 31, 2022, Sunland Company's accounts show the following. The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. Journalize the entry to record the division of net income for the year 2022 under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. Net income is $28,200. Income is shared 6:3:1. 2. Net income is $37,600. Niensted and Bolen are given salary allowances of $14,100 and $9,400, respectively. The remainder is shared equally. 3. Net income is $17,860. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $14,100 salary allowance. The remainder is shared equally. No. Account Titles and Explanation 1. 2. 3. Income Summary Debit Credit 4700 A. Niensted, Capital G. Bolen, Capital K. Sayler, Capital Prepare a schedule showing the division of net income under assumption (3) above. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. 15,000 or parenthesis e.g. (15,000).) Total 9682 23782 \begin{tabular}{|r||} \hline 1974 \\ \hline \end{tabular} $17860 SUNLAND COMPANY Partners' Capital Statement For the Year Ended December 31, 2022