Liam and Katano formed a partnership to open a sushi restaurant by investing $98,000 and $108,000, respectively. They agreed to share profit based on an allocation to Liam of an annual salary allowance of $153,000, interest allowance to both Liam and Katano equal to 12% of their beginning-of-year capital balance, and any balance based on a 13 ratio, respectively. At the end of their first year, December 31, 2020, the Income Summary had a credit balance of $33,000 Liam withdrew $10,000 during the year and Katano $27,000 Required: 1. Determine each partner's share if the first year profit was $33,000. Prepare the entry to close the Income Summary on December 31 2020. (Leave no cell blank. Enter "0" when the answer is zero, Negative answers should be indicated by a minus sign.) Share to Llam Share to Katano Total Total salaries and Interest allocation Balance of profit $ 05 0 0 $ 0 Remainder 13 ratio: Balance of profit Shares of each partner 0 $ 0$ 0$ 0