Coburn (beginning capital, $62,000) and Webb (beginning capital $83,000) are partners. During 2017, the partnership earned net income of $70,000, and Coburn made drawings of $18,000 while Webb made drawings of $22,000. Assume the partnership income-sharing agreement calls for income to be divided 40% to Coburn and 60% 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.) Account Titles and Explanation Debit Credit