Part C is all i need: Prepare a partners' Capital statement for the year under assumption $3$ above

At the end of its first year of operations on December 31, 2022, Blossom Company's accounts show the following. Partner Art Niensted Greg Bolen Krista Sayler Drawings $18,400 11,200 8,000 Capital $38,400 24,000 20,000 The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. (a) Journalize the entry to record the division of net income for the year 2022 under each of the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. 2. 3. No. 1. 2. 3. (b) Net income is $24,000. Income is shared 6:3:1. Net income is $32,000. Niensted and Bolen are given salary allowances of $12,000 and $8,000, respectively. The remainder is shared equally. Net income is $15,200. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $12,000 salary allowance. The remainder is shared equally. Account Titles and Explanation Debit Credit Prepare a schedule showing the division of net income under assumption (S) above. (Ifan amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or parenthesis e.g. (15,000).) DIVISION OF NET INCOME Art Niensted Salary allowance Interest allowance on capital Total salaries and interest Remaining excess/ deficiency Total division of net income (c) Greg Bolen Krista Sayler Total Prepare a partners' capital statement for the year under assumption (3) above. (List items that increase partners capital first.) Art Niensted BLOSSOM COMPANY Partners' Capital Statement Greg Bolen Krista Sayler Total