Prepare a partners' capital statement for the year under assumption (3) above. (List items that increase partners capital first.) above. (If an amount reduces the account balance then 5,000). repare a schedule showing the division of net income under assumption (3) above. (If an amount reduces the account balance then enter with a negative sign preceding the number e. 15,000 or parenthesis eg. (15,000). The capital balance represents each partner's initial capital investment. Therefore, net income or net loss for 2022 has not been closed to the partners' capital accounts. (a) Your answer is correct. Journalize the entry to record the division of net income for the year 2022 under each of the following independent assumptions. (Credit account titles ore automatically indented when amount is entered. Do not indent manually) 1. Net income is $28,800. Income is shared 6:3:1. 2. Net income is $38,400. Niensted and Bolen are given solary alliowances of $14,400 and $9,600. cespectively. The remainder is shared equally 3. Net income is $18,240. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a \$14.400 salaryallowanse Theremainster is ithared equally. der assumption ( 3 ) above. (List items that increase partners capital first.) No. Account Titles and Explanation Debit Credit 1. Income Summary 28800 A Niensted, Cagital 2. Income fummany A Noensted, Capital 19200 G. Bolen, Coppital 14400 Kisavier,Captal : 4800 3. inconesiermary 10240 A.tilenged Complat 16992 C. Noten, Cabital