Liam and Katano formed a partnership to open a sushi restaurant by investing $106,000 and $116,000, respectively. They agreed to share profit based on an aliocation to Liam of an annual salary ailowance of $161,000, interest allowance to both Liam and Katano equal to 12% of their beginning-of-year capital balance, and any balance based on a 1:3 ratio, respectively. At the end of their first year, December 31, 2023, the Income Summary had a credit balance of $41,000. Liam withdrew $18,000 during the year and Katano $35,000. Record the transfer of profit to partners' capital accounts. 2. Calculate the balance in each partner's capital occount at the end of their first year (Negative answers (i.e. debit account balances) should be indicated by a minus sign.)