Farmer and Taylor formed a partnership with capital contributions of $270,000 and $320,000, respectively. Their partnership agreement calls for Farmer to receive a $84,000 per year salary allowance. The remaining income or loss is to be divided equally Assuming net income for the current year is $219.000, the journal entry to allocate net income is Multiple Choice Debit Income Summary $219.000. Credit Femme Capital $151.500 Credit Taylor Capital $67,500 Debit Income Summary $219.000: Credit Farmer, Capita $180,000 Crede Taylor Cap $33.000 Debt Income Summary $219.000: Credit Fame Capital $50.940. Credit Taylor Capital $169.060 Debt Income Summary $219.000: Credit Taylor Capta $1500 Credit Farmer Capital $67.500 Debt Income Summary, $219.000: Crudt Famac Capital $109.500: Ceat Taylor Cap $10.500