Lori and Mike enter into a partnership and decide to share profits and losses as follows: 1. The first allocation is a salary allowance with Lori receiving $12,000 and Mike receiving $25,000 2 The second allocation is 20% of the partners' capital balances at year end. On December 31, 2019, the capital balances for Lori and Mike are $86,000 and $344,000, respectively 3. Any remaining profit or loss is allocated equally For the year ending December 31, 2019, the partnership reported a net loss of $122,000. The joumal entry to record the loss allocation will O debit Lon, Capital for $93,300 O debit Mike, Capital for $93,800 O credit Mike, Capital for $93,800 O debit Lon, Capital for $28,700