Jenkins, Willis, and Trent invested $216,000, $378,000, and $486,000, respectively, in a partnership. During its first year, the firm recorded profit of $612,000. Required: Prepare entries to close the firm's Income Summary account as of December 31 and to allocate the profit to the partners under each of the following assumptions: a. The partners did not produce any special agreement on the method of distributing profits View transaction list Journal entry worksheet Record to close income summary account. Note: Ente debits before credits. Dare Dec 31 General Joumal Debit Credit Reed entry Cry View gene b. The partners agreed to share profit and losses in the ratio of their beginning investments. View transaction st Journal entry worksheet Record to close income summary account. Nate: Entar debts before prasite Dec 31 General Journal Debil Credit Record entry Clear entry View general journal > c. The partners agreed to share profit by providing annual salary allowances of $114,000 to Jenkins. $124,000 to Wills, and $59,000 to Trent, allowing 15% interest on the partners' beginning investments; and sharing the remainder equally. View fraction list Journal entry worksheet Record to close income summary account. Note: dubit before di Data Dec 31 General Joumal Debit Credit Record entry Clear entry View general journal