Jobs, Alford, and Norris formed the JAN Partnership by making capital contributions of $150,000, $100,000, and $250,000, respectively on January 7, 2019. They anticipate annual net incomes of $240,000. Alford also withdrawn $15,000 cash for personal use. They are considering the following plan of sharing net incomes and losses: Salary allowances of $70,000 to Jobs, $40,000 to Alford, and $90,000 to Norris; interest allowances of 10% on initial investments, with any remaining balance shared in a ratio of 1:2:3. Required: Prepare a profit and loss appropriation account and pass the closing Income summary entry