Coburn (beginning capital, $57,000) and Webb (beginning capital $85,000) are partners. During 2017, the partnership earned net income of $72,000, and Coburn made drawings of $20,000 while Webb made drawings of $24,000. Assume the partnership income-sharing agreement calls for income to be divided with a salary of $35,000 to Coburn and $25,000 to Webb, with the remainder divided 30% to Coburn and 70% to Webb. Prepare the journal entry to record the allocation of net income.Assume the partnership income-sharing agreement calls for income to be divided with a salary of $38,000 to Coburn and $33,000 to Webb, interest of 12% on beginning capital, and the remainder divided 50%50%. Prepare the journal entry to record the allocation of net income. Compute the partners ending capital balances under the assumption in part (c) above.