please help

K. Ison (beginning capital, $50,000) and I. McCoy (beginning capital $80,000) are partners. During 2017, the partnership earned net income of $60,000, and Ison made drawings of $15,000 while McCoy made drawings of $20,000.

Instructions

1. (a) Assume the partnership income-sharing agreement calls for income to be divided 55% to Ison and 45% to McCoy. Prepare the journal entry to record the allocation of net income. (3 points)

2. (b) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $30,000 to Ison and $20,000 to I. McCoy, with the remainder divided 55% to K. Ison and 45% to I. McCoy. Prepare the journal entry to record the allocation of net income. (3 points)

3. (c) Assume the partnership income-sharing agreement calls for income to be divided with a salary of $40,000 to K. Ison and $30,000 to I. McCoy, interest of 10% on beginning capital, and the remainder divided 50%50%. Prepare a schedule showing the allocation of net income. (3 points)