Zheng invested $$172,000$ and Murray invested $$272,000$ in a partnership. They agreed to share income and loss by allowing a $$78,000$ per year salary allowance to Zheng and a $$58,000$ per year salary allowance to Murray, plus an interest allowance on the partners' beginning$-$year capital investments at $10\%,$ with the remaining balance to be shared equally. Assuming net income for the current year is $$141,000,$ the journal entry to allocate net income is:

Multiple Choice

Debit Income Summary, $$141,000$; Credit Zheng, Capital, $$70,500,$ Credit Murray, Capital, $$70,500.$

Debit Income Summary, $$141,000$; Credit Zheng, Capital, $$49,400,$ Credit Murray, Capital, $$91,600.$

Debit Income Summary, $$141,000$; Credit Zheng, Capital, $$75,500,$ Credit Murray, Capital, $$65,500.$

Debit Income Summary, $$141,000$; Credit Zheng, Capital, $$46,100,$ Credit Murray, Capital, $$94,900.$

Debit Zheng, Capital, $$75,500,$ Debit Murray, Capital, $$65,500$; Credit Income Summary, $$141,000.$