Journalize the entry to record the division of net income for the year $2022$ under each of the following independent assumptions.

Prepare a partners' capital statement for the year under assumption $(3)$ above. $($List items thot increase partners copital first$)$

$($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Net income is $$26,400.$ Income is shared $6$:$3$:$1.$

Net income is $$35,200.$ Niensted and Bolen are given salary allowances of $$13,200$ and $$8,800,$ respectively. The remainde

is shared equally.

Net income is $$16,720.$ Each partner is allowed interest of $10\%$ on beginning capital balances. Niensted is given a

$$13,200$ salary allowance. The remainder is shared equally.

No$.$ Account Titles and Explanation

Prepare a schedule showing the division of net income under assumption $(3)$ above. $($If an amount reduces the account halance then

enter with a negative sign preceding the number $eq-15,000$ or parenthesis $eg(15,000))$