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Kim Ries, Tere Bax, and Josh Thomas invested $42,000, $58,000, and $66,000, respectively, in a partnership. During its first calendar year, the firm earned $419,400.

Kim Ries, Tere Bax, and Josh Thomas invested $42,000, $58,000, and $66,000, respectively, in a partnership. During its first calendar year, the firm earned $419,400.

Prepare the entry to close the firm

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