Problem 6 S. Pellah (beginning capital.$80.0001) and M. Berry (beginning capital $120.0001 are Partners. During 2014 the partnership earned net income of $90 000, and Pellah made drawings $24.000 while Berry made drawings of $32,000. Of Instructions (a) Assume the partnership income -sharing agreement calls for income to be divided 40% to Pellah and 60% to Berry Prepare the journal entry to record the allocation or net income. (b) Assume the partnership income -sharing agreement calls for income to be divided with a salary of $40,000 to Pellah and $35,000 to Berry, with the remainder divided 40% to Pellah and 60% to Berry. Prepare the journal entry to record the allocation of net income. (C) Assume the partnership income -sharing agreement calls for income to be divided with a salary of $50,000 to Pellah and $45,000 to Berry, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (d) Compute the partners' ending capital balances under the assumption M part (c). Problem 6 S. Pellah (beginning capital.$80.0001) and M. Berry (beginning capital $120.0001 are Partners. During 2014 the partnership earned net income of $90 000, and Pellah made drawings $24.000 while Berry made drawings of $32,000. Of Instructions (a) Assume the partnership income -sharing agreement calls for income to be divided 40% to Pellah and 60% to Berry Prepare the journal entry to record the allocation or net income. (b) Assume the partnership income -sharing agreement calls for income to be divided with a salary of $40,000 to Pellah and $35,000 to Berry, with the remainder divided 40% to Pellah and 60% to Berry. Prepare the journal entry to record the allocation of net income. (C) Assume the partnership income -sharing agreement calls for income to be divided with a salary of $50,000 to Pellah and $45,000 to Berry, interest of 10% on beginning capital, and the remainder divided 50%-50%. Prepare the journal entry to record the allocation of net income. (d) Compute the partners' ending capital balances under the assumption M part (c)