The Prince-Robbins partnership has the following capital account balances on January 1, 2015: Prince, Capital $ 135,000 Robbins, Capital 125,000 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, 2015, Jeffrey invests $76,000 cash for a 20 percent interest in the partnership. 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%), Robbins (30%), and Jeffrey (20%). In 2015, the partnership reports a net income of $28,000. a. Prepare the journal entry to record Jeffrey entrance into the partnership on January 2, 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Determine the allocation of income at the end of 2015.

My Work SO Far:

Goodwill	44,000
Prince, Capital		26,400.0
Robbins, Capital		17,600.0
Goodwill	=(76,000/20%)-(135,000+125,000+76000)
	=380,000-336,000
	44,000
Cash	76000
Jeffrey, Capital		76000
Details	Prince	Robbins	Jeffrey	Total
Interest
Prince(135,000+26,400)*.2	32,280
Robbins(125,000+17600)*.3		28,520
Jeffrey (76,000*.20)			15,200	76,000
Less Loss:
(76,000-28,000) =48,000	24000	14400	9600	48000
	8,280	14,120	5,600	28,000

I knw jeffrey NI of 5600 is correct but i dont know what im doing wrong with the other two