On March 2, 2023, Zoe Moore, Karen Anderson, and Veronica White start a partnership to operate a personal coaching and lifestyle consulting practice for professional women. Zoe will focus on work-life balance issues, Karen on matters of style, and Veronica on health and fitness. They sign a partnership agreement to split profits in a 3:2:3 ratio for Zoe, Karen, and Veronica, respectively. The following are the transactions for Sunland Personal Coaching: 2023 Mar. 2 The partners contribute assets to the partnership at the following agreed amounts: Z. Moore K. Anderson V.White Cash $13,200 $8,800 $17,600 Furniture 14,960 Equipment 15,840 11.440 Total $29,040 $23,760 $29,040 They also agree that the partnership will assume responsibility for Karen's note payable of $4,400. Dec. 20 31 Zoe, Karen, and Veronica each withdraw $26,400 cash as a "year-end bonus." No other withdrawals were made during the year. Total profit for 2023 was $96,800. 2024 Jan. 5 6 Dec. 20 31 Zoe and Veronica approve Karen's request to withdraw from the partnership for personal reasons. They agree to pay Karen $13,200 cash from the partnership. Zoe and Veronica agree to change their profit-sharing ratio to 4:5, respectively. Zoe and Veronica withdraw $37,620 and $39.600 cash, respectively, from the partnership. Total profit for 2024 was $108,900. 2025 Jan. 4 Zoe and Veronica agree to admit Dela Martin to the partnership. Dela will focus on providing training in organizational skills to clients. Dela invests $27,280 cash for 25% ownership of the partnership Record the above transactions. For the profit recognized each year, calculate how it is to be allocated and record the closing of the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation 2023 > > < (Invest assets in business.) < < < < (Invest assets in business.) > > (Invest assets in business.) Debit Credit 2024 (Invest assets in business) (Record cash drawings.] v (To close Income Summary.) v 3 (To record withdrawal of partner.) (To record cash drawings.) v < 3 (To record withdrawal of partner) (To record cash drawings.) 2025 (To close Income Summary) (To record admission of partner) eTextbook and Media (To record withdrawal of partner) (To record cash drawings.) 2025 (To close Income Summary) (To record admission of partner) eTextbook and Media