(Invest assets in business.) (Invest assets in business.) (invest assets in business.) Prepare the partners' equity section of the balance sheet after Dela is admitted to the partnership. They also agree that the partnership will assume responsibility for Karen's note paryable of $7,000. Dee 20 Zoe, Karen, and Veronica each withdraw \$42,000 cash as a "Year-end bonus:" No other withdrawals were made during the year. 31 Total profit for 2023 was $154,000 2024 Jan.5 Zoe and Veronica approve Karer's request to withdraw from the partnership for personal reasons, They agree to pary Karen $21.000 cash from the parthership. 6 Zoe and Veronica agree to change their profit-sharing ratio to A.S, respectively. Dec. 20 Zoe and Veronica withdraw $59.850 and $63,000 cash, respectively, from the portnership. 31 Total proft for 2024 was $173,250. (To close Income Summary) 2025 (To recordadmission of partner.) On March 2, 2023, Zoe Walker, Karen Allen, and Veronica King start a partnership to operate a personal coaching and lifestyle consulting practice for professional women. Zoe will focus on work-life balance issues, Karen on matters of style, and Veronica on health and fitness, They sibo a partnership agreement to split profits in a 3:2:3 ratio for Zoe, Karen, and Veronica, respectively. The following are the transactions for Carla Vista Personal Coaching: 2023 Mar.2 The partners contribute assets to the partnership at the following agreed amounts: Jan.4 Zoe and Veronica agree to admit Dela Johnson to the partnership. Dela will focus on providing training in organizational skills to clients. Dela invests $43,400 cash for 25% ownership of the partnership. Record the above transactions. For the profit recognized each year, calculate how it is to be allocated and record the closing of the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) (Record cashdrawings) (Toclose Income Summary.) 2024 (To record withdrawal of partner.) (To record cash drawings.)