The partnership reports a $40,000 profit at year-end December 31, 2024. Kristina and Mallory agree to share profit and losses by allocating yearly salary allowance of $30,000 for Kristina and $20,000 for Mallory, an interest allowance of 5% based on initial capital balances, and to split the remainder 50/50. They came up with this agreement but are now unsure how to complete the calculations. They ask you to make a report showing the details of the division of the profit and to record the December 31, 2024 journal entry to record the division of the profit.