Question 8 of 9 - / 8 = View Policies Current Attempt in Progress Coburn (beginning capital $57,000) and Webb (beginning capital $92,000) are partners. During 2020, the partnership earned net income of $65.000, and Coburn made drawings of $14,000 while Webb made drawings of $25,000. Assume the partnership income-sharing agreement calls for income to be divided 35% to Coburn and 65% to Webb. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit Question 8 of 9 - 78 Question Part Score Assume the partnership income-sharing agreement calls for income to be divided with a salary of $38,000 to Coburn and $33,000 to Webb, interest of 11% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media Question Part Score Compute the partners' ending capital balances under the assumption in part (c) above. Ending capital Coburn $ Webb $ Your answer is partially correct. Rod Dall Co. reports net income of $49,000. The income ratios are Rod 73% and Dall 27%. Indicate the division of net income to each partner, and prepare the entry to distribute the net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Dall. Capital Accounts Payable Dall, Capital