Liam and Katano formed a partnership to open a sushi restaurant by investing $109,000 and $119.000, respectively. They agreed to share profit based on an allocation to Liam of an annual salary allowance of $164,000, interest allowance to both Liam and Katano equal to 10% 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 $44,000. Liam withdrew $21,000 during the year and Katano $38,000 Required: 1. Determine each partner's share if the first-year profit was $44,000. 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 Liam Share to Katano Total $ 0 $ 0 Total salaries and interest allocation Balance of profit 0 $ 0 0 Remainder 13 ratio Balance of profit Shares of each partner $ 0 $ 0 $ 0