On April 1, 2020, Harry Regal and Meghan Merle formed a partnership in Alberta, renting reusable moving boxes. Contribution Profit sharing Cash withdrawal during year Regal $97,000 cash $107,000 salary allowance 15% of original capital investments $77,000 Merle $137,000 land $50,000 building 15% of original capital investments $62,000 Net Income during the year was $177,000 and was in the Income Summary account. The partners agreed to share profit by a salary allowance, interest on their initial investments, and sharing the balance equally. Required: 1. Present general journal entries to record the initial capital investments of the partners, their cash withdrawals, and the Dec closing of the Income Summary and withdrawals accounts