Bill Beck, Brace Beck, and Barb Beck formed the BBB Partnership by making capital contributions of $67, 500. $262, 500. and $420,000. respectively. They predict annual partnership net income of $450,000 and are considering the following alternative plans of sharing income and loss: equally. In the ratio of their initial capital investments; or salary allowances of $80,000 to Bill. $60,000 to Bruce, and $90,000 to Barb; interest allowances of 10% on their initial capital investments; and the balance s are follows; 20% to Bill. 40% to Bruce, and 40%to Barb. Prepare a table with the following Use the table to show how to distribute net income of S450.000 for the calendar scar under each of alternative plans being considered. (Round answers to the nearest whole dollar.) Prepare a statement of partners' equity showing the allocation of income to the partners assuming they agree to use plan that income earned is $209,000. and that Bill. Bruce, and Barb withdraw $34,000. $48,000. and $64,000. respectively, at year-end. Prepare the December 31 journal entry to close Income Summary assuming they agree to use plan (c) and that net income is $209,000. Also close the withdrawals accounts