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9 Required information [The following information applies to the questions displayed below] Kara Ries, Tammy Bax, and Joe Thomas invested $40,000. $56 000, and $64 000, respectively in a partnership. During h first calendar year, the firm earned $364,200. Part 1 of 3 10 points Prepare the entry to close the firm's Income Summary account as of its December 31 year end and to allocate the $364,200 net income to the partners under each of the following separate assumptions ook Required () The partners have no agreement on the method of sharng income and loss Print Journal entry worksheet Record the entry to close the income summary account assuming the partners have no agreement on the method of sharing income and loss