FIZZE JJOUMalIZE DIVISIONS OF NET INCOME and DIEDATE & Partners capital Statement At the end of its first year of operations on December 31, 2014, RIKE Company's accounts show the following Farther Drawings Capital FILES $ 15, 000 $ 40.000 kinder 10.000 25,000 Crifuji 5, 000 15,000 THE Capital balance represents each partner's Capital investment . Therefore , net income of net loss for 201 4 Has not been closed to the partners' capital accounts Instructions Journalize the Entry to record the division of net income for 201 4 under each of the independent Assumptions Shown below . " I} Net income is $50, 000. Income is shared 5: 3:2 [2) Net income is $43,000 . Files and kinder are given salary allowances of $ 15, 000 and $ 10, 0.00 respectively . The remainder is Shared Equally . |}} Net income 15 $34, 000. Each partner is allowed interest of 109's on beginning capital balances FILES is given a $ 20. 0do Salary allowance . The remainder is Shared Equally Prepare a Schedule showing the division of net income under assumption ( 3) above . Prepare a partners' capital Statement for the year under assumption (?) above