Jenkins, Willis, and Trent invested $228.000, $399,000, and $50.000, respectively, in a partnership. During its first year, the form recorded profit of $621000 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 ist Journal entry worksheet Record to close Income summary account Nute Enter debts before credits Debet Credit General Journal Date Dec 31 yg investments View transaction list Journal entry worksheet Record to close Income summary account Note: Enter debits before credits General Journal Debit Credit Date Dec 31 Veneneral journal