Syawla and Reven began a partnership by investing $250,000 and $100,000, respectively. During its first year ended Dec 31,2022 , the parthership had a $72,000 net income. The partners have agreed to share income and loss by granting a $5,000 per month salary allowance to Syawla, a $8,000 ner month salary allowance to Reven, 10% interest on their initial capital investments, and the remaining balance shared according to their initial capital balances. Required: 1. Prepare calculations showing how the $72,000 net income should be allocated to the partners for the year ended Dec 31 . 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. WATCH THE LECTURE BEFOREATTEMPTING THIS DISCUSSION 2. Prepare a properly formatted and complete journal entry to record the allocation from your calculations above