Abram, Montel, and Brenner have capital balance of $22,000, 533,000, and $55,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners' capital balances b. The next $30.000 is based on service shared equally by Abram and Brenner Monte does not receive a salary allowance c. The remainder is divided equally Read the reguirements Not income remaining for allocation Remainder shared equally Abram Montel Brenner Total location Net income remaining for location Net income stated to the partners Requirement 2. Journal the closing entry to come for the year Record debt first, the credite Select the Accounts and Explanation Choose the outs and encontrar o n Abram, Montel, and Brenner have capital balance of $22,000, 533,000, and $55,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners' capital balances b. The next $30.000 is based on service shared equally by Abram and Brenner Monte does not receive a salary allowance c. The remainder is divided equally Read the reguirements Not income remaining for allocation Remainder shared equally Abram Montel Brenner Total location Net income remaining for location Net income stated to the partners Requirement 2. Journal the closing entry to come for the year Record debt first, the credite Select the Accounts and Explanation Choose the outs and encontrar o n