Partners B and I receive a salary allowance of $6,000 and $14,000, respectively, and share the remainder equally. If the company earned $8,000 during the period, the entry to close the income or loss into their capital accounts is:

Question 3 options:

1)	Income Summary = 20,000 B, Capital = 6,000 I, Capital = 14,000

2)	Income Summary = 8,000 I, Capital = 8,000

3)	Income Summary = 28,000 B, Capital = 14,000 I, Capital = 14,000

4)	Income Summary = 12,000 B, Capital = 6,000 I, Capital = 6,000