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Problem 4 Sharp and Townson had capital balances of $60,000 and $90,000 respectively at the beginning of the current year, January 1, 2020. The articles of partnership provide for salary allowances of $25,000 and $30,000 respectively, an allowance of interest at 12% on the capital balances at the beginning of the year, with the remaining net income divided equally. Net income for the year was $50,000. Required: a) Prepare a schedule showing how much net income should be distributed to Sharp and Townson b) Prepare the journal entry to record the income to the partner's accounts)