3 Jenkins, Willis, and Trent invested $240,000, $420,000, and $540,000, respectively, in a partnership. During its first year, the firm recorded profit of $630,000. Required: Prepare entries to close the firm's Income Summary account as of December 31 and to allocate the profit to the partners under each of the following assumptions: 02:53:35 a. The partners did not produce any special agreement on the method of distributing profits. View transaction list Journal entry worksheet > Record to dose income summary account. Note: Enter debts before credits Debit Credit Date GeneralJoumall Dec 31 View general journai Recorders Carey