1. Annabelle Aimes and Bitsy Bradford formed the AB partnership on July 1st. Annabelle contributed a computer system worth $80,000. Bitsy contributed $60,000 cash. Required: Prepare the appropriate Journal Entry. 2. Carlene Carr and Dawn Dawson are 50% - 50% partners in the CD partnership. The partnership had net income of $400,000 for the Year ended December 31, 2020. Required: Prepare the appropriate journal entry to close the Income Summary to the Partner's capital accounts. 3. Elenore England and Florence Fitzpatrick are 50%-50% partners in the EF Partnership. The partnership has net income of $300,000 for the year ended December 31, 2020. Florence has a guaranteed annual salary of $50,000. Required: Prepare the appropriate journal entry to close the Income Summary to the Partner's Capital Accounts