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 50,000.00 Mike 65,000.00 35,000.00 c) splitting the rest according to the following percentages Scott 35% Mike 40% Brian 25% Brian At the beginning of the year they had the following capital balances Scott 150,000 Mike 200,000 100,000 The partnership made a profit for the year of $370,000 Brian 2) prepare the table to shoring the changes in partners capital Total Scott like Brian | Opening capital Fes locene Salaries Remaining Closing Capital b) prepare the journal entry to distribote the grefits angst the parto Date Description DR CR question 3 Division of Income Partner 5 & partner 6 & partner 7 made $350,000 in profits this last year all profits are divided according to capital balances Partner 5 $50,000 Partner 6 $125,000 Partner 7 $75,000 make the appropriate journal entry to allocate profits. Date Description DR CR