Your answer is partially correct. Assume the partnership income-sharing agreement calls for income to be divided with a salary of $34,000 to Coburn and $29,000 to Webb, interest of 10% on beginning capital, and the remainder divided 50%50%. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Your answer is partially correct. Assume the partnership income-sharing agreement calls for income to be divided with a salary of $34,000 to Coburn and $29,000 to Webb, interest of 10% on beginning capital, and the remainder divided 50%50%. Prepare the journal entry to record the allocation of net income. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)