Music Works. Adjusted trial balance information for the year ended December 31, 2020, appears below. Account Balance Account Accounts payable $9.500 Keith Williams, capital** Accumulated depreciation... 75,000 Keith Williams, withdrawals. Brian Adams, capital 22.000 Note payable, due May 2022*** Brian Adams, withdrawals. 60,000 Office supplies... 208.000 Revenues. Equipment. 300,000 Utilities payable.. Expenses 102,000 Assume all account balances are normal The partner made so istmests during the year. ***$40,000 of the sot payable it du in May 2021 Balance $ 28,300 50,000 120,000 16,000 480,000 1.200 Cash. Required 1. Prepare calculations that show how the profit should be allocated to the partners assuming the partnership agreement states that profit/(losses) are to be shared by allowing a $90,000 per year salary allowance to Williams, a $150,000 per year salary allowance to Adams, and the remainder on a 3.2 ratio. 2. Prepare the journal entry to close the Income Summary account to the partners' capital accounts 3. Prepare a statement of changes in equity and a classified balance sheet