On January 1, 2015 partners Kevin Smith Avery Wilson and Frank Levens had capital balances of $39.000, 575.000 and 500.000 respectively Dunng 2015 the parts made the following investments Kevin Smith $120 000, Avery Wilson $130 000, and Frank Levens $130 000 iso Kevin Smith wildrew cash of $39000 Avery Wirson withdrew 545.000 and Frank Levens Willow $24,000 The company has a December 31 your end In addition, the following schedule shows how net loss is allocated Kevin Smith very Whion Frank Levens Total (40.000) 24.000 12.000 36.000 15,000 13,000 28.000 18000 13.000 31.000 Netloss Salanes Interest Total salary and interest Reminder to be allocated Remander allocated between partners Balance of net loss to be located Total to be located to each partner (45.000) (45,000) 145.000) 105.000) (135.000) 135 000 0 (40000) 19.000 (17000) (14000) a) Prepare the entry to close the income Summary account Enter an apropriate description and the date in the format om te 15 Jan) Pace ba Account Expansion Crede M b) Calculate the post closing balance in each partners' captal account Kevin Smith, Capital Avery Wilson Capital Frank Levens. Capital