Zheng invested $116,000 and Murray invested $216,000 in a partnership. They agreed to share incomes and losses by allowing a $64,000 per year salary allowance to Zheng and a $44,000 per year salary allowance to Murray, plus an interest allowance on the partners beginning-year capital investments at 10%, with the balance to be shared equally. Assuming net income for the current year is $113,000, the journal entry to allocate net income is:

• Debit Income Summary, $113,000; Credit Zheng, Capital, $43,300, Credit Murray, Capital, $69,700.

• Debit Income Summary, $113,000; Credit Zheng, Capital, $56,500, Credit Murray, Capital, $56,500.

• Debit Income Summary, $113,000; Credit Zheng, Capital, $38,200, Credit Murray, Capital, $74,800.

• Debit Income Summary, $113,000; Credit Zheng, Capital, $61,500, Credit Murray, Capital, $51,500.

• Debit Zheng, Capital, $61,500, Debit Murray, Capital, $51,500; Credit Income Summary, $113,000;