Partnership Entries and Statement of Parthorahig Equity The capital accounts of Lorraine Grecto and Carrie Aotenfeid have balances of 5108,000 and $77,000, respectively, en Janusry 1,20 , 2 , the beginning of the fiscal yeac, On March 10 , Grecco invested an additional $12,000. During the year, Grecco and Rasenfeld withdrew 557,000 and 546,000 , respectively, and net income for the year was $146,000. Revenues were $567,000, and expenses were $421,000. The articles of partnership make no refesence to the division of net income. a. Joumalize the entry to close the reverues and expenses, If an amount box does not require an entry, leave it blankin Journalize the entry to close the drawing acceuntt. If an amount bak does nok require an entry, leave it blank. b. Wrepare a statement of portnership ecuity for the current vear for the partherahip of Grecco and kloseateld. 1 an amount is zaro or a biank, enter in 0 . Grecco and Hosenfeld Journalize the entry to close the drawing accounts, If an amount box does not require an entry, leave it blank. b. Prepare a statement of partnership equity for the current year for the partnership of Grecco and Rosenfeld. If an omount is zaro or a blank, enter in 0