Alistair, Macer, and Baker have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows a. The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Alistair and Baker. Macer does not recelve a salary allowance. C. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the S121,000 nat income for the year. (Complete all answer boxes. For amounts that are $0, make sure to enter"" in the appropriate column.) Macer Baker Total Net income (loss) Capital allocation: Requirements Macer Baker Salary allowance: 1. Compute each partner's share of the $121,000 net income for the year 2. Journalize the closing entry to allocate net income for the year Alistair Macer Baker Total salary and capital allocation Print Done Net income (loss) remaining for allocation Remainder shared equally: Alista Macer Baker Total allocation Net income (loss) remalning for allocation Net income (loss) allocated to the partners Requirement 2. Journalize the closing entry to allocate net income for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit