The Prince-Robbins partnership has the following capital account balances on January 1,2021 : Prince is allocated 60 percent of all profits and losses with the remaining 40 percent assigned to Robbins after interest of 8 percent is given to each partner based on beginning capital balances. On January 2, 2021, Jeffrey invests $76,000 cash for a 20 percent interest in the parthership. This transaction is recorded by the goodwill method. After this transaction, 8 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince ( 50 percent), Robbins ( 30 percent), and Jeffrey (20 percent). In 2021 , the partnership reports a net income of $28,000. a. Prepare the journal entry to record Jeffrey's entrance into the partnership on January 2,2021. b. Prepare a schedule showing how the 2021 net income allocation to the partners should be determined. b. Prepare a schedule showing how the 202 ' net income allocation to the partners should be determined. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a schedule showing how the 2021 net income allocation to the partners should be determined. (Loss amounts should be indicated with a minus sign.)