On February $1,2023,$ Tessa Williams and Audrey Xie formed a partnership in Ontario. Williams contributed $$88,000$ cash and Xie contributed land valued at $$128,000$ and a small building valued at $$188,000.$ Also, the partnership assumed responsibility for Xie$$s $$138,000$ long$-$term note payable associated with the land and building. The partners agreed to share profit or loss as follows: Williams is to receive an annual salary allowance of $$98,000,$ both are to receive an annual interest allowance of $12\%$ of their original capital investments, and any remaining profit or loss is to be shared equally. On November $20,2023,$ Williams withdrew cash of $$68,000$ and Xie withdrew $$53,000.$ After the adjusting entries and the closing entries to the revenue and expense accounts, the Income Summary account had a credit balance of $$168,000.$

Required:

$1.$ Present general journal entries to record the initial capital investments of the partners, their cash withdrawals, and the December $31$ closing of the Income Summary and withdrawals accounts.

$2.$ Determine the balances of the partners$$ capital accounts as of the end of $2023.$