COD Question 24 5 pts The Jul & Frill Co. reports net income of $42.000. At the beginning of the year sat had a partner's capital balance of $20,000 and Fral had a partner's capital balance of $25,000. Interest on partner's capital is 4% and is computed using the balance at the beginning of the year. Partner salary allowances are $18,000 and Frill $10,000 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. Inate - Enter Division of Net Income in THIS question, Journal Entry will be submitted in part 2 of this question on Canv.) Division of Net Income Frie Total Salary allowance Interest allowance on partners' capital Fral Total salaries and interest Remaining income Total division of net income VIZIO