Coburn $($beginning capital, $$57,000)$ and Webb $($beginning capital $$91,000)$ are partners. During $2027,$ the partnership earned

net income of $$72,000,$ and Coburn made drawings of $$16,000$ while Webb made drawings of $$26,000.$

$($a$)$ Assume the partnership incorne$-$sharing agreement calls for income to be divided $45\%$ to Coburn and $55\%$ to Webb. 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.$)$

$($b$)$Assume the partnership income$-$sharing agreement calls for income to be divided with a salary of $$31,000$ to Coburn and

$$22,000$ to Webb, with the remainder divided $45\%$ to Coburn and $55\%$ to Webb. 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.$)$