K. Ison (beginning capital, $50,000) and I. McCoy (beginning capital $80,000) are partners. During 2017, the partnership earned net income of $60,000, and Ison made drawings of $15,000 while McCoy made drawings of $20,000. K. Ison (beginning capital, $50,000) and I. McCoy (beginning capital $80,000) are partners. During 2017, the partnership earned net income of $60,000, and Ison made drawings of $15,000 while McCoy made drawings of $20,000