McGill and Smyth have capital balances on January 1 of $55,000 and $36,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $17,400 for McGill and $17,600 for Smyth, (2) interest at 10% on beginning capital balances, and (3) remaining income or loss to be shared 60 degree/by McGill and 40% by Smyth. Prepare a schedule showing the distribution of net income, assuming net income is $70,100. (If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, e.g. -15,000, (15,000).) Prepare a schedule showing the distribution of net income, assuming net income is $23,400. (If an amount reduces the account balance then enter with a negative sign preceding the number or parenthesis, e.g. -15,000, (15,000).)