Drake and Seth Rogan formed a partnership and invested $960,000 and $875,000 respectively. During its first year of operations, 2021, the partnership recorded a loss of $280,000. Required a. Prepare calculations showing how the income should be allocated to the partners assuming the partners agreed to share income by providing an annual salary allowance of $275,000 for Drake and $195,000 for Seth Rogan, 15% interest allowances on their initial investments, and the remainder to be shared 3:2. Record the journal entry to clear out the income summary at year end (December 31). b. Determine the balance in each partner's capital account immediately after the Dec 31, 2021, entry