I am unsure on how to do part b for the year, 2015. I have already done the question for 2014 and they are there to provide additional information, if needed.

2014 February 1 - Brady and Manning decide to start up a partnership. Brady brings in $10 000 cash and equipment costing $60 000, with $17 000 in the accumulated depreciation account. The fair market value of the equipment is $37 000. Manning brings $54 000 in cash. They agree to an income ratio of 5:4. December 31 - The business records a net income of $24 000, and Brady has a debit balance of $16 000 in his drawings account. a) Record the journal entry to establish the partnership. b) Record the entry to allocate the net income to the partners' capital accounts. cJ Prepare a Statement of Partners' Equity for 2014. 2015 January 1 - McNabb joins the partnership by contributing $46 000 in cash. A new partnership agreement is drawn up. Brady, Manning and McNabb agree to salaries of $5 000 for each partner and a 5:4:3 income ratio. December 31 - The business recorded a net income of $30 000. Brady had drawings of $20 000 and Manning had drawings of $4 000. a) Record the entry to admit the new partner into the business. b) Record the entry to allocate the net income to the partners' capital accounts. c) Prepare a Statement of Partners' Equity for 2015