Syawla and Reven began a partnership by investing $180.000 and $220,000, respectively. During its first year ended Dec 31, 2021, the partnership had a $9,000 net income. The partners have agreed to share income and loss by granting a 58,000 per month salary allowance to Syawla, a $5,000 per month salary allowance to Reven, 12% interest on their initial capital investments, and the remaining balance shared according to their initial capital balances. Required: 1. Prepare calculations showing how the $9.000 net income should be allocated to the partners. Hint Consider a table like the one below. Excel will make your work very easy. USE THE LECTURE FOR THE CHAPTER TO ANSWER THIS QUESTION SYAWLA REVEN TOTAL BALANCE Net Income (los) Interest Allowances Salary Allowances Share of Balance Total 2. Prepare a journal entry to record the allocation from your calculations above Your original post is due by Friday 5pm and comments to other students are due by 5pm on Sunday. Search of the Unread Reply MacBook Air . :9 :$ 21 RO 33 . % 5 & 7 8 9 0 de 6 3 4 I O { [ U P E T R Y 11 I K L G D F ? V B N M * Intinn Tatian