Bill Beck, Bruce 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 ot $450.00o and are considering the following alternative plans of sharing income and loss, (a) equally, (b) in the ratio of their initial capital investments; or (c) 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 shared as follows: 20% to Bill, 40% to Bruce, and 40% to Barb. Prepare a table with the following column headings. Use the table to show how to distribute net income of $450,000 for the calendar year under each of the alternative plans being considered. Prepare a statement of partners equity showing the allocation of income to the partners assuming they agree to use plan (c), that income earned is $209,000, and that Bill, Bruce, and Barb withdraw $34,000. $48,000. and $64,000, respectively, at year-end. 3. 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