Jenkins, Willis, and Trent invested $244,000,$427,000, and $549,000, respectively, in a partnership. During its first yean, the firm recorded profit of $636,000. Required: Prepare entries to close the firm's Income Summary account as of December 31 and to allocate the profit to the parthers under each of the following assumptions: a. The partners did not produce any special agreement on the method of distributing profits. Record to close income summary account. Note: Enter debits before credits. Record to close income summary account. Note: Enter debits before credits. Journal entry worksheet Record to close income summary account. Note: Enter debits before credits