Coburn (beginning capital, $60,000 ) and Webb (beginning capital $86,000 ) are partners, During 2022 , the partnership earned net income of $74,000, and Coburn made drawings of $20,000 while Webb made drawings of $22,000. (a) Assume the partnership income-sharing agreement calls for income to be divided 45% to Coburn and 55% to Webb. Prepare the journal entry to record the allocation of net income. (Credit account titles are outomatically indented when amount is entered. Do not indent manually). Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,000 to Coburn and $25,000 to Webb, with the remainder divided 45% to Coburn and 55% to Webb. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $35,000 to Coburn and $30,000 to Webb, interest of 11% on beginning capital, and the remainder divided 50%50%. Prepare the journal entry to record the allocation of net income. (Credit account titles are outomotically indented when amount is entered. Do not indent manually.) Attempts: 0 of 1 used Compute the partners' ending capital balances under the assumption in part (c) above