McGill and Smyth have capital balances on January 1 of $40,000 and $43,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $20,000 for McGill and $10,000 for 5myth, (2) interest at 10\% on beginning capital balances, and (3) remaining income or loss to be shared 60% by McGill and 40% by 5 myth. (a) (1) Prepare a schedule showing the distribution of net income, assuming net income is $81,000. (If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg. 15,000,(15,000). (2) Prepare a schedule showing the distribution of net income, assuming net income is $24,000. (If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, eg. 15,000,(15,000).) Journalize the allocation of net income in each of the situations above. (Credit account titles are automatically indented when amol s entered. Do not indent manually. Record entries in the order presented in the previous part.)