At the end of its first year of operations, on December 31, 2021, SHERIDAN Partners accounts show the following:

Partner		Drawings				Capital
J. Chapman-Brown			$15,900			$30,000
C. Duper			8,830			40,000
H. Weir			5,390			50,000

The capital balance represents each partners initial capital investment. No closing entries for profit (loss) or drawings have been recorded as yet.

Journalize the entries to record the division of profit for the year ended December 31, 2021, under each of the following independent assumptions: (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

1.		Profit is $40,900. Duper and Weir are given salary allowances of $8,100 and $11,200, respectively. The remainder is shared equally.
2.		Profit is $41,000. Each partner is allowed interest of 6% on beginning capital balances. Chapman-Brown, Duper, and Weir are given salary allowances of $15,400, $19,200, and $19,800, respectively. The remainder is shared in a ratio of 5:3:2.