Question Two: (5 Marks) The profit and loss sharing agreement for the Abdulelah, Meshal, and Mohammed partnership provides the following information: - Each partner receives a bonus of 5% on the original amount of partnership net income if net income is above SR25,000. - Abdulelah and Meshal receive a salary allowance of SR7,500 and SR10,500, respectively. - Mohammed has an average capital balance of SR260,000, and receives a 10% interest allocation on the amount by which his average capital account balance exceeds SR200,000. - Residual profits and losses are allocated to Abdulelah, Meshal, and Mohammed in their respective ratios of 7:5:8. Required: 1. Prepare a schedule to allocate SR88,000 of partnership net income to the partners. 2. Prepare a journal entry to distribute the partnership's profit or loss to the partners (assume that an Income Summary account is used by the partnership)