S by ono $10000 's Parting Service to record payment of the B & DO 100.000 100.000 SECTIONE (4 points) Cain, Foley, and Hardy formed a partnership on January 1, 2012. Cain invested $60,000Foy 100.000 and Hardy S140,000. Cain will wanape the store and work 40 hours per week in the wore Foley will work 20 hours per week is the store, and Hardy will not work in the Theatership agrement provides that a salary of $40,000 to Cain and $40,000 to Foley, (b) isierest on beginning capital balances at the rate of 10% for all partners, and (c) y remaining income or loss is to be shared by Cis 10%, Foley 359, and Hardy 25% Required in the space below prepare the December 31, 2012 journal entry (in good form) to record the division of the 2012 net income of 576,000 Be sure to include the date SECTION F (4 points) Ji Welch and Sam Thayer share partnership incomece a 3:2 basis. They have capital balances of $360,000 and $280,000, respectively, when Bill Ryan is admitted to the partnership on May by investing cash of $220,000 for a 256 partnership interest Required in the space below prepare the May 8 journal entry (in good form) to record the admission of Bill Ryan to the partnership. Be sure to include the date. an one time period in the time period time periods PAGES