I) Double-declining balance Records half a year's depreciation regardless of when an asset purchase or disposal occurs during the year Question 4 [20 points] Sandra Castell, Susan Huang, and Bert Zimminvested $180,000, S180,000 and $240,000, respectively in a partnership, During its first year, the firm recorded a net income of $105,300 Prepare general journal entries to close the firm's Income Summary account as of December 31, 2015 and to allocate the net incomefoss to the partners under each of the following unrelated assumptions. Enter an appropriate descnption when entering the transactions in the journal Dates must be entered in the format om de January 15 would be 15/Jan) (a) The partners did not produce any special agreement on the method of sharing incomes General Journal Page Guy Dame Account Explanation F Debit Credit (b) The partners agreed to share net incomes and losses in the ratio of their beginning investments General Journal Page GJI Date Account Explanation F Dobit Credit (c) The partners agreed to share income by providing annual salary allowances of $18,000 to Sandra Castel $18.000 to Sutan Huang, and $24,000 to Bert Zimm, allowing 7% interest on the partners' beginning investments, and sharing the remainder equally General Journal Page Guy Data Account Expiration F Debit Crode