come each partner will receive under their profit-and-loss-sharing agreement assuming Pederson's capital balance or amounts that are $0, make sure to enter "0" in the appropriate column.) iRequirements 1. Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement assuming Pederson's capital balance is $95,000 and Walker's capital balance is $95,000. 2. Journalize the entry to close the Income Summary account for the year. men click Check Answer. Print Done Clear All -