mouction commghmiddleware 252Fmtheproducts 252Fims Close 30 Help Save & Exit Sub 2 Former and Taylor formed a partnership with capital contributions of $275,000 and $325,000, respectively Their partnership agreement calls for Farmer to receive a $100.000 per year salary. The remaining income or loss is to be divided equally Assuming net loss for the current year is $30,000, the journal entry to allocate the net loss is 0 5600 Multiple Choice Debit income Summary, 530,000 Debit Taylor Capital 535.000. Credit Farmer Capital 565.000 Debit Income Summary 530000. Credit Taylor, Capital, $15,000 Credit Farmer Capital $15.000 Debit Income Summary 530.000,Debit Farmer, Capital, $35.000. Check Taylor, Capital 365.000 Deti inconte Summary330,000. Cet Farmer. Coral S000 City Capital 18.000 Debit Taylor Capital: 565.000 Credit Income Summary 510.000 Creditomer Care 335.000