O. Guillen (beginning capital, $58,000) and K.Williams (beginning capital ($86,000) are partners. During 2010, the partnership earned net income of $66,100, and Guillen made drawings of $18,250 while Williams made drawings of $25,420.
Assume the partnership income-sharing agreement calls for income to be divided 44% to Guillen and 56% to Williams. Prepare the journal entry to record the allocation of net income.