David and Tamara have formed a partnership by investing $120,000 each. During their first year of operations, the partnership earned $180,000. Their profit-and-loss-sharing agreement states that first, each partner will receive 20% of their capital balances. The second level is based on service, with $20,000 to David and $30,000 to Tamara. The remainder will then be shared 2:3 between David and Tamara, respective y- REQUIRED: (a) Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement. (7 Marks) (b) Journalise the entry to close the Income summary account for the year