Huff and Doback formed a partnership with capital contributions of $120,000 and $180,000, respectively. Their partnership agreement called for both Huff and Doback to receive a $40,000 annual salary allowance. They also agreed to allow each partnera share of income equal to 10% of their initial capital investments. The remaining ifome or loss is to be divided equally. If the net income for the current year is $80,000: Required (30 POINTS) A. What are Huff's and Doback's respective shares? B. What is the journal entry required to distribute the partner's share of income