Keith Williams and Brian Adams were students when they formed a partnership several years ago for a part-time business called Music Works. Adjusted trial balance information for the year ended December 31, 2020, appears below. Account Accounts payable. Accumulated depreciation.. Brian Adams, capital** Brian Adams, withdrawals.. Balance Account $ 9,500 Keith Williams, capital** 75,000 Keith Williams, withdrawals. 22,000 Note payable, due May 2022*** 60,000 Office supplies. Balance $ 28,300 50,000 120.000 16,000 Cash. 208,000 Revenues.. 480,000 1.200 300,000 Utilities payable 102.000 Equipment. Expenses. *Assume all account balances are normal. **The partners made no investments during the year. ***$40.000 of the note payable is due in May 2021. Required 1. Prepare calculations that show how the profit should be allocated to the partners assuming the partnership agreement states that profit/(losses) are to be shared by allowing a $90,000 per year salary allowance to Williams, a S150,000 per year salary allowance to Adams, and the remainder on a 3:2 ratio. 2. Prepare the journal entry to close the Income Summary account to the partners' capital accounts. 3. Prepare a statement of changes in equity and a classified balance sheet