Q 10 - Khalid A1 Abri (beginning capital, $50,000) and Majid Al Rawahi (beginning capital $80,000) are partners. During 2020, the partnership earned net income of $60,000, and Khalid made drawings of $15,000 while Majid made drawings of $20,000. Trastructions (a). Assume the partnership income-sharing agreement calls for income to be divided 65% to Khalid and 35% to Majid. Prepare the journal entry to record the allocation of net income. (b). Assume the partnership income-sharing agreement calls for income to be divided with a salary of $35,000 to Khalid and $20,000 to Majid Al Rawahi, with the remainder divided 65% to Khalid Al Abri and 35% to Majid Al Rawahi. Prepare the journal entry to record the allocation of net income. (c). Assume the partnership income-sharing agreement calls for income to be divided with a salary of $45,000 to Khalid Al Abri and $30,000 to Majid Al Rawahi. interest of 10% on beginning capital and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (d). Compute the partners' ending capital balances under the assumption in part (C)