3. The partners agreed to share income and loss by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and $44,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally. Complete this question by entering your answers in the tabs below. Appropriation of profits General Journal Allocate $390,600 net income by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and $44,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally. Supporting Calculations Net income Salary allowances Ries Bax Thomas Total 0 Balance after salary allowances Interest allowances Balance after interest and salaries Balance allocated equally 0 0 0 0 Balance of income $ 0 Shares of the partners $ 0 $ 0 $ 0 Appropriation of profits General Journal > Journal entry worksheet 1 Record the entry to close the income summary account assuming the partners have agreed to share income and loss by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and $44,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry