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Help please will thumbs up! Problem 12-2A Drawings Capital Partner Art Niensted Greg Bolen Krista Sayler $22,600 14,000 11,300 $46,200 39,500 29,500 The capital balance

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Problem 12-2A Drawings Capital Partner Art Niensted Greg Bolen Krista Sayler $22,600 14,000 11,300 $46,200 39,500 29,500 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2 017 has not been closed to the partners' capital accounts the entry to record the division of net income for the year 2017 under each of the folowing independent assumptions. (Credit account titles are automatically indented amount is entered. Do not indent manually) (1) Net income is $29,200. Income is shared 6:3:1 (2) Net income is $40,700. Niensted and Bolen are given sailary allowances of $14,900 and $10,200, respectively. The remainder is shared equaly. (3) Net income is $18,800. Each partner is allowed interest of 10% on beginning No. Account Titles and Explanation Debit Credit 2. l 2000-201Utnyileyi ions.inc. All Rights Reserved. A Division of khawk.asolnc. lo

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