On March $1,$ Eckert and Kelley formed a partnership. Eckert contributed $$88,000$ cash, and Kelley contributed land valued at $$70,400$ and a building valued at $$100,400.$ The partnership also took Kelley$$s $$78,000$ long$-$term note payable associated with the land and building. The partners agreed to share income as follows: Eckert gets an annual salary allowance of $$31,500,$ both get an annual interest allowance of $10\%$ of their initial capital investment, and any remaining income or loss is shared equally. On October $20,$ Eckert withdrew $$28,000$ cash and Kelley withdrew $$21,000$ cash. First year income was $$99,000.$

Required:

$1$a$.$ & $1$b$.$ Prepare journal entries to record the partners' initial capital investments and their subsequent cash withdrawals.

$1$c$.$ Determine the partners' shares of income, and then prepare journal entries to close Income Summary and the partners' withdrawals accounts.

$2.$ Determine the balances of the partners$$ capital accounts as of December $31.$