Lopez and Gomez are members in an LLC that reports net income of $$149,000.$ An agreement states that Lopez receives a $$21,900$ salary allowance and Gomez receives a $$51,900$ salary allowance. Any remaining income or loss is to be shared by Lopez and Gomez in a $3$:$2$ ratio $($in percents: Lopez, $60\%$; Gomez, $40\%).$

Determine each member's share of net income.

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".

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Determine each member's share of net income.

$\backslash$table$[[$Allocation of each member's Income,$],[$Lopez$,$Gomez,Total,$],[$Net income,,,$],[$Salary allowances,,,$],[$Balance of income,,,$],[$Balance allocated,,,$],[$Balance of income,,,$],[$Shares of the members,,,$]]$