F. Calvert and G. Powers have capital balances on January 1 of $50,000 and $40,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $20,000 for Calvert and $12,000 for Powers, (2) interest at 10% on beginning capital balances, and (3) remaining income or loss to be shared 60% by Calvert and 40% by Powers. Complete the schedule showing the distribution of net income, assuming net income is (1) $50,000 and (2) $36,000. (If amount is a decrease, use either a negative sign preceding the number eg -45 or parentheses eg (45).) (1) F.Calvert G.Powers Total Salary Allowance $ $ $ Interest allowance Total salaries and interest Remaining income Total division $ $ $ (2) F.Calvert G.Powers Total Salary Allowance $ $ $ Interest allowance Total salaries and interest Remaining income Total division $ $ $ Journalize the allocation of net income in each of the situations above. (For multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)