PARTNERSHIP. Darrell Jones, Darrell Newton, and Larry Clark operate an income tax advisory service as a partnership. The tax advisory service was formed in early 19x2, at which time each partner invested $25,000. Drawings and partnership income for the years 19x2 through 19x5 are:

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DRAWINGS PARTNERSHIP DARRELL INCOME DARRELL LARRY JONES NEWTON CLARK 19x2 $63,000 $11,000 $12,000 $10,000 19x3 72,000 16,000 18,000 14,000 19x4 81,000 20,000 22,000 21,000 19x5 96,000 24,000 23,000 26,000 The partners share income and losses equally. REQUIRED: 1. Prepare journal entries to record 19x5 drawings and the division of 19x5 partner- ship net income. 2. Prepare a journal entry to record closing the 19x5 drawings accounts. 3. Prepare a statement of changes in partners' equity for 19x5.