Lopez and Gomez are members in an LLC that reports net income of $147,000. An agreement states that Lopez receives a $21,700 salary allowance and Gomez receives a $51,700 salary allowance. Any remaining income or loss is to be shared by Lopez and Gomez in a 2-3 ratio (in percents: Lopez, 40%; Gomez, 60%). 1. Determine each member's share of net income. 2. Prepare the entry to record the closing of Income Summary. Hint: The business is a limited liability company (LLC), so equity accounts are Lopez, Member Equity" and "Gomez, Member Equity". Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each member's share of net income. Total 0 Allocation of each member's Income Lopez Gomez Net income Salary allowances Balance of income Balance allocated Balance of income Shares of the members 0 $ 0 $ 0 CA 0 Required 1 Required 2 > Required 1 Required 2 Prepare the entry to record the closing of Income Summary. Hint: The business is a limited liability company (LLC), so equity accounts are "Lopez, Member Equity" and "Gomez, Member Equity". View transaction list Journal entry worksheet A > Record the entry to close Income Summary. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal