7) Alex, Brad, and Carl are partners. The profit sharing rule between them is 4:3:2 in alphabetical order. The partnership incurs a net loss of $120,000. The journal entry to close Income Summary will include a (Do not round any intermediate calculations.) A) debit to Income Summary account for $120,000 C) credit to Alex, Capital account for $53,333 E) none of the above B) debit to Alex, Capital account for $53,333 D) credit to Carl, Capital account for $26,667