Farmer and Taylor formed a partnership with capital contributions of $200,000 and $250,000, respectively. Their partnership agreement calls for Farmer to receive a $70,000 per year salary. The remaining income or loss is to be divided equally. Assuming net income for the current year is $135,000, the journal entry to allocate net income is: A) Debit Income Summary, $135,000; Credit Farmer, Capital, $130,000; Credit Taylor, B) Debit Income Summary, $135,000; Credit Farmer, Capital, $67,500; Credit Taylor, c) Debit Income Summary, $135,000; Credit Farmer, Capital, $106,140: Credit Taylor, D) Debit Income Summary, $135,000: Credit Farmer, Capital, $102,500; Credit Taylor, E) Debit Income Summary, $130,000; Credit Taylor, Capital, $102,500: Credit Farmer, Capital, $5,000 Capital, $67,500. Capital, $28,860. Capital, $32,500. Capital, $32,500