LO2 PA12-4 Dividing Income, Journalizing, and Preparing Partners' Capital Statement A. Batt, B. Robbin, and E Catt are partners in the Bart R Catt partnership. Partnership net income 2009 is $46,000. Other relevant information follows: Capital 1/1/09 Capital Contributions Fixed Ratio Partner Dr 25% A. Batt B. Robbin E Catt $ 7,000 12,000 15,000 $4,400 3,300 2,200 $4,000 7.000 6,000 Required: 1. Allocate the net income to the partners based on fixed ratios. 2. Prepare the partners' capital statement at December 31, 2009