At the end of its first year of operations on December 31, 2022, Pharoah Company's accounts show the following. Partner Drawings Capital Art Niensted $20,700 $43,200 Greg Bolen Krista Sayler 11.340 27,000 9,000 22,500 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. (a) 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.)