On January 1, 2021, the capital balances in Blossom Partnership are as follows: Zoya Gable $15,000 Matthew Smith $17,760 Neither partner had any drawings in 2021. Prepare the closing entry to allocate the partnership prot if in 2021, the partnership reports prot of $66,600. There is no partnership agreement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit mi: l l Ev l l :4 l i (To close Income Summary.) Prepare the closing entry to allocate the partnership prot if in 2021, the partnership reports prot of $44,400. The income ratio provides for salary allowances of $31,080 for Gable and $22,200 to Smith and the remainder to be shared equally. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 v V (To close Income Summary.) Prepare the closing entry to allocate the partnership prot if in 2021, the partnership reports prot of $44,400. Assume the partnership agreement calls for prot to be divided with a salary of $29,600 to Gable and $22,200 to Smith. Gable is allowed 6% of interest on her beginning capital, and the remainder is divided 70% 30%. (Round answers to 0 decimal places, e.g. 5,276. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 v V (To close Income Summary.)