2) Shawn invests $145,000 cash and Dan invests $122,000 cash to form NH Cablesource. Show the entry to form the partnership. The allocation agreement is salary Shawn $75,000, Dan $53,000, annual interest allocation of 7 1/2 percent of partner invested Capital balance and any remainder of income is divided SHAWN 60 DAN 40 PERCENT. During the year Shawn withdraws $25000 cash and Dan withdraws $17,000 cash. Net Income for the year is $185,000 Calculate the ending balances for Shawn and Dan. Hint set up each partner side by side and do an Owners Equity Statement for each partner also have a total column for the partnership combined.... WHAT ARE THE ENTRIES TO CLOSE THE PARTNERSHIP