nMarch 1, 2017, Eckert and Kelley formed a partnership. Eckert contributed $78,000 cash and Kelley contributed land valued at $82,400 and a building valued at $92,400. The partnership also assumed responsibility for Kelley's $68,000 long term note ad any remaining income or oss is to be shared equaly On October 20n 2017 Ecked with onc and Koley withw $21 000 dusling and c gcnti te the reyue arvd exon eot Docm ent 2017, the Income Summary account hed a credit balance of $100,000. Required: Dotorming t artners' shares of income and then prenare iournal antries to close Income Summary and the partners' Withdrewels accounts epariners capital accounts as of December Delermine the balances of .2017 Complete this question by entering your answers in the tabs below. Re 14 ad 18 Reu 1C Re 2 Prepare jaurnal entries to record the partners' initial capital irivestments and their subsequent cash vwithdrawals. View transaction list Journal entry worksheet 2 Record the partners' initial capital investment. Note: Eeter debits before credits Date General Journal Debit Credit Mar 01, 2017 Req 1A and 1B Req 2 Req 1C Determine the partners' shares of income, and then prepare journal entries to close Income Summary and the partners Withdrawals accounts. (Enter all values as positive amounts.) Allocation of Partnership Income Eckert Kelley Total Net Income Salary allowances 0 Balance of income Interest allowances 0 Balance of income Balance allocated equally 0 Balance income 0 Shares of the partners 0 $ 0 Date General Journal Debit Credit Record the entry to close the partners' withdrawals accounts Dec 31, 2017 Record the entry to close the income summary account. Dec 31, 2017 Reg 1A and 1B Req 2 Complete this question by entering your answers in the tabs below. Req 2 Req 1A and 1B Req 1C Determine the balances of the partners' capital accounts as of December 31, 2017. Capital Account Balances Eckert Kelley Initial investment Withdrawals Share of income 0 $ $ Ending balances Req 2 Req 1C