BE 152 The Jill & Co. reports net income of $38,000. Interest allowances are and Frill $6,000, partner salary allowances are Jill $19,000 and $11,000 and the remainder is shared equally. Instructions Indicate the division of net income to each partner, and prepare the entry to distribute the net income. BE 153 Debauge Co. had beginning capital balances on January 1, 2008, as follows: Nick Foley $40,000 and Tom Wenger $75,000. During the year, drawings were Foley $17,000 and Wenger $9,000. Net income was $51,000, and the partners share income equally. Instructions Prepare the partners' capital statement for the year