Exercise 12-5 Aikman (beginning capital, $61,300) and Rory (beginning capital $87,100) are partners. During 2012, the partnership earned net income of $67,300, and Aikman made drawings of $17,890 while Rory made drawings of $24,380 (a), (b) and (c) Aikman and 65% to Rory. Prepare the journal entry to record the allocation of net income. (Credit (a) Assume the partnership income-sharing agreement calls for income to be divided 35% account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (b) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,200 to Aikman and $24,800 to Rory, with the remainder divided 35% to Aikman and 65% to Rory. 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 (c) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $39,200 to Aikman and $35,700 to Rory, interest of 10% on beginning capital, and the remainder divided 50 %-50 %. 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