During 2017, the partnership of Kiki and Tammy earned net income of $ 125,000. Kikis beginning capital was $ 60,000 and she withdrew $15,000 during the year. Tammys beginning capital $ 70,000 and she had drawings of $22,000 for the year. Instructions: (a) Assume the partnership income- sharing agreement calls for income to be divided with a salary of $ 30,000 to Kiki and $ 25,000 to Tammy, interest of 10% on beginning capital, and the remainder divided 60% to Kiki and 40% to Tammy. Prepare the journal entry to record the allocation of net income. (b) Prepare the Partnership Equity Statement for 2017 under the assumption in part a.