Cornish and Duffee form a partnership by investing $120,000 and $130,000 respectively. Their partnership agreement stipulates that Cornish will receive an annual salary allowance of $12,000, and both partners will receive an interest allowance of 5% on their capital investment. Any profit remaining is to be allocated 45% to Cornish, and 55% to Duffee. Profit for their first year of operations is $80,000. Prepare the entry to close Income Summary.