Help Save Che Liam and Katano formed a partnership to open a sushi restaurant by investing $108.000 and 5118.000, respectively. They agreed to share profit based on an allocation to Liam of an annual salary allowance of 5163,000, interest allowance to both Liam and Katano equal to 10% of their beginning of year capital balance and any balance based on a 13 ratio, respectively. At the end of their first year, December 31, 2020, the income Summary had a credit balance of $43000. Liam withdrew $20.000 during the year and Katano $37.000 Required: 1. Determine each partner's share if the first year profit was $43.000. Prepare the entry to close the Income Summary on December 31 2020. (Leave no cell blank. Enter "o" when the answer is zero. Negative answers should be indicated by a minus sign) Share to Lim Katano Total 5 43,000 5 163.000 5 Profit Salary allowances interest allowances Total sales and interest allocation Balance of polit 0 5 163.000 0 (163000) 120 000 0 Remainder 13 ratio Balance of profit Shares of each partner $ 163.000 0 13,000