A. Langer and B. Semon have decided their partnership earnings will be shared as follows:

(a) 14% interest allowance on capital balances at beginning of year,

(b) remainder to be shared equally. Capital balances of Langer and Semon at the beginning of the year are $79,000 and $30,000, respectively. Net income is $17,000 for the year. Record the journal entry to update the capital balances of Langer and Semon on December 31.