Paddison and Walker have formed a partnership. During their first year of operations, the partnership earned $150,000. Their-profit-and-loss-sharing agreement states that, first, each partner will receive 10% of their capital balances. The second level is based on services, with $16,000 to Paddison and $10,000 to Walker. The remainder then will be shared 1:1 between Paddison and Walker, respectively. Read the Requirement 1. Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement assuming Paddison's capital balance is $80,000 and Walker's capital balance is $80,000. (Complete all answer boxes. For amounts that are $0, make sure to enter " 0 " in the appropriate column.) Requirements 1. Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement assuming Paddison's capital balance is $80,000 and Walker's capital balance is $80,000 2. Journalize the entry to close the Income Summary account for the year