Alex Marshal and Rita John started a partnership business on January 1, 2022 with the following investments: The partners decided to share profits and losses with a fraction of 3/5 for Alex and 1/5 for Rita. On December 31,2022 , the business had a net income of $52000. Required: 1. Record the journal entries for initial investments made by the partners. 2. Prepare a balance sheet from the journal entries recorded in (1) above. 3. Show the allocation of net income for both partners. 4. Prepare a revised balance sheet to include the effect of net income