At the end of its first year of operations on December 31, 2020, Blossom Company's accounts show the following. Partner Drawings Capital Art Niensted $22,500 $40,000 Greg Bolen Krista Sayler 13,500 10,000 30,000 22,000 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2020 has not been closed to the partners' capital accounts. To record the division of net income for the year 2020 under each of the following independent assumptions. 1. Net income is $28,000. Income is shared 6:3:1. 2. Net income is $38,000. Niensted and Bolen are given salary allowances of $14,500 and $10,000, respectively. The remainder is shared equally. 3. Net income is $18,000. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $14,800 salary allowance. The remainder is shared equally.