1. Journalize the entry to close net income to the partners. 2. Journalize closing the partners' withdrawal accounts. Explanations are not required. 3. Calculate the balances in each partners' capital account after allocation of net income and partners' withdrawals of cash. (Assume the partnership's accounting year began on January 1, 2018, and ended on December 31, 2018.) Frawley and Hardingan form a partnership on January 1, 2018, contributing $65,000 and $28,000, respectively. The partnership had net income of $162,500. Based on the partnership agree net income was $96,500 and Hardingan's share was $86,000. Frawley and Hardingan each withdrew cash of $20,000 for personal use during the year Read the requirements Requirement 1. Journalize the entry to close not income to the partners. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Requirement 2. Journalize closing the partners' withdrawal accounts. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal artis. Prepare both partners withdrawal accounts.) Comanu liet or enter any number in the input fields and then continue to the next