question 8 Division of Income Scott Mike and Brian are in a partnership together. they have agreed to split profits in the following manner. a) paying a salary to each Scott 100,000.00 Mike 150,000.00 Brian 80,000.00 c) splitting the rest according to the following Percentages Scott 25% Mike 50% Brian 25% At the beginning of the year they had the following capital balances Scott 400,000 Mike 300,000 Brian 150,000 The partnership made a profit for the year of $200,000 Brian a) prepare the table to showing the changes in partners capital Total Scott Mike Opening capital Net Income Salaries Remaining Distribute Remaining Total Share of Profits Closing Capital This is the row you use for below* b) prepare the journal entry to distribute the profits amongst the partners on Feb 31st Date Description DR CR