Sonia & Jill had average capital balances of $220,000 and $380,000 respectively during the current fiscal year. The partnership agreement provides for an allowance of 6% on the average capital balances and salary allowances of $35,000 for Sonia and $21,000 for Jill. Any remaining amount or deficit is to be allocated in a ratio of 3:2 for Sonja & Jill respectively. Instructions: {a} Assuming net income for the year was $82,000 prepare a schedule indicating the specific elements which make up the division of net income amongst the partners {b} Prepare the appropriate closing entry to reflect the division of income from part {a} {c} Assuming net income for the year was $122,000 prepare a schedule indicating the specific elements which make up the division of net income amongst the partners {d) Prepare the appropriate closing entry to reflect the division of income from part {c}