Mercy, Rose, and Debby are partners with beginning-year capital balances of $150,000, $100,000, and $50,000, respectively. Partnership net income for the year is $105,000. Make the necessary journal entry to close Income Summary to the capital accounts if:

a. Partners agree to divide income based on their beginning-year capital balances.

b. Partners agree to divide income based on the ratio of 5:3:2 (Mercy, Rose, and Debby), respectively.

c. Partnership agreement is silent as to the division of income and less