How do I calculate "interest allowance" and "balance allocated equally?"

Problem 12-3A Allocating partnership income LO P2 [The following information applies to the questions displayed below] Kara Ries, Tammy Bax, and Joe Thomas invested $52,000, $68,000, and $76,000, respectively, in a partnership. During its first calendar year, the firm earned $400,800. Prepare the entry to close the rm's Income Summary account as of its December 31 year-end and to allocate the $400,800 net income to the partners under each of the following separate assumptions: Problem 12-3A Part 3 (3) The partners agreed to share income and loss by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and $44,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally. Salaryallowances $ 37,000 $ 32,000 $ 44,000 113,000 Balance after interest and salaries 287,800 Balance allocated equally Balance of income 282,800 Shares of the partners $ 42,000 $ 32,000 $ 44,000