Allen, Macer, and Bryant have capital balances of $$22,000,$$$33,000,$ 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 Allen and Bryant. Macer does not receive a salary allowance.

c$.$ The remainder is divided equally.

Read the requirements.

Bryant

Total allocation

Net income $($loss$)$ remaining 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.$)$