help for part d

Compute the partners' ending capital balances under the assumption in part (c) above. Coburn (beginning capital, \$57,000) and Webb (beginning capital $86,000 ) are partners. During 2022, the partnership earned net income of $75,000, and Coburn made drawings of $16,000 while Webb made drawings of $24,000. (a) Your answer is correct. Assume the partnership income-sharing agreement calls for income to be divided 30% to Coburn and 70% to Webb. Prepare the journal entry to record the allocation of net income. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. Assume the partnership income-sharing agreement calls for income to be divided with a salary of $41,000 to Coburn and $36,000 to Webb, interest of 12% 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.)