Help Save a Required information (The following information applies to the questions displayed below) Ries, Bax, and Thomas invested $40,000, 556,000 and $64,000, respectively, in a partnership. During its first calendar year, the firm earned $417300 Required: Prepare the entry to dose the firm's income Summary account as of its December 31 year-end and to allocate the $417300 net income under each of the following separate assumptions: 1. The partners did not agree on a plan, and therefore share income equally View transactions 2 No 1 Date Dec 31 Accumulated to Debit Credit Q 2 3 $ 4 5 6 7 8 9 w E R T Y U O S D F G H K L X C V B N M Command DOON