Jenkins, Willis, and Trent invested $272,000,$476,000, and $612,000, respectively, in a partnership. During its first year, the firm recorded profit of $621,000. 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 parthers did not produce any special agreement on the method of distributing profits. Inirnal ontry workchant Journal entry worksheet Record to close income summary account. Note: Enter debits before credits. The partners agreed to share profit and losses in the ratio of their beginning investments. Journal entry worksheet Record to close income summary account. Note: Enter debits before credits. c. The partners agreed to share profit by providing annual salary allowances of $128,000 to Jenkins, $138,000 to Willis, and $73,000 to Trent, allowing 15% interest on the partners' beginning investments; and sharing the remainder equally. Journal entry worksheet Record to close income summary account. Notes Enter debits before credits