Exercise 12-05 a-d (Part Level Submission) Cobum beginning cepital, $62,000)and Webb beginning capital S92,000 ere partners. During 2020, the partnership ear ed net income of S73,000 and Cobum made drawing of16,000 while Webb made drawings of 24,000. (a) Assume the partnership income shanng agreement ca s ur income o be divided 40% ta Coburn znd 60% o webb. Prepa not indent manually) re the journal entry to record the allocation of net i ncame. (Credit account titles are automatica y indented when amontis entered. Do Account Tites and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work Attampts: 0 of 3 used