Zheng invested $152,000 and Murray invested $252,000 in a partnership. They agreed to share income and loss by allowing a $73,000 per year salary allowance to Zheng and a $53,000 per year salary allowance to Murray, plus an interest allowance on the partners’ beginning-year capital investments at 10%, with the remaining balance to be shared equally. Assuming net income for the current year is $131,000, the journal entry to allocate net income is:
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