Exercise 12-5 (Part Level Submission) Coburn (beginning capital, $56,000) and Webb (beginning capital $94,000) are partners. During 2017, the partnership earned net income of $75,000, and Coburn made drawings of $14,000 while Webb made drawings of $21,000. (a) Assume the partnership income-sharing agreement calls for income to be divided 30% to Coburn and 70% 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 ExplanationDebit Credit 75,000 Income Summary Coburn, Capital Webb, Capital LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER The parts of this question must be completed in order. This part will be available when you complete the part above