Farmer and Taylor formed a partnership with capital contributions of $240,000 and $290,000, respectively. Their partnership agreement calls for Farmer to receive a $78,000 per year salary allowance. The remaining income or loss is to be divided equally. Assuming net income for the current year is $183,000, the journal entry to allocate net income is: Multiple Choice Debit Income Summary, $183,000; Credit Farmer, Capital, $91,500; Credit Taylor, Capital, $91,500. Debit Income Summary, $183,000; Credit Farmer, Capital, $162,000; Credit Taylor, Capital, $21,000. Debit Income Summary, $183,000; Credit Farmer, Capital, $46,620; Credit Taylor, Capital, $136,380. Debit Income Summary, $183,000; Credit Farmer, Capital, $130,500; Credit Taylor, Capital, $52,5