A and B formed the AB Company by making capital contributions of $130,000 and $195,000 respectively. The annual partnership income of $230,000 is to be allocated assuming a salary allowance of $40,000 to A and $35,000 to B; interest allowances of 12% on their initial capital investments; and the balance shared equally. Prepare the entries to record the initial capital investments, the allocation of net income, and close the partner's withdrawal accounts assuming that A withdrew $50,000 and BV drew $55,000. Accounts Dr Cr (a) Cash 325,000 A Capital 1 B, Capital (b) A Capital B, Capital (b)