Kenny and Kiara formed a partnership dividing income as follows: 1. Annual salary allowance to Kenny of $5,000 and Kiara of $8,000. 2. Interest allowance at the rate of 5% on original investments. 2. Any remaining net income divided in a 3:2 ratio Kenny and Klara had $60,000 and $90,000, respectively, as their original investments. a. Net income for the year was $70,000. Divide/Share the net income between Kenny and Klara. (15 pts) b. Journalize the entries to close the net income to the capital accounts. (5 pts)