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Required information The following information applies to the questions displayed below! Ries Bax, and Thomas invested $24.000, $40,000 and $48.000, respectively, in a partnership. During its first calendar year, the firm earned $404,100 Required: Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $404100 net income under each of the following separate assumptions: 2. The partners agreed to share income and loss in the ratio of their beginning capital investments. (Do not round Intermediate calculations. Round final answers to the nearest whole dollar) Complete this question by entering your answers in the tabs below. Appropriation General of profits Journal Allocate $404,100 net income in the ratio of their beginning capital investments. (Do not found intermediate calculations Round final answers to the nearest whole dollar) Hupporting Percentage of Income Allocated income Computations Total Equity Summary to Capital Ries Bax Thomas General Journal > Ruf each of the following separate assumptions: 2. The partners agreed to share income and loss in the ratio of their beginning capital investments. (Do not round Intermediate calculations, Round final answers to the nearest whole dollar) 1 Complete this question by entering your answers in the tabs below. Appropriation General of profits Journal Prepare the entry to close the firm's Income Summary account as of its December 31 year end. (Do not round intermediate calculations Round final answers to the nearest whole dollar) View transaction lit Journal entry worksheet Record the entry to close the income summary account assuming the partners have agreed to share income and loss in the ratio of their beginning capital investments istente debts before credits General Journal Debit Crec Dec 31