Partnership entries and statement of partners' equity Instructions Chart of Accounts Amount Descriptions Journal Statement of Partnership Equity Instructions The capital accounts of Angel Alvarez and Emma Allison have balances of 547 350 and 575,560, respectively, on January 1 2014, the beginning of the fiscal year. On March 10. Alvarez invested an additional 58.240During the year, Alvarez and Alison withdrew $30.900 and 537 310. respectively, and net income for the year was $62,000. Revenues were 5483,000, and expenses were $421,000. The articles of partnership make no reference to the division of net income Required: A Journalize the entries to close (1) the revenues and expenses and (2) the drawing accounts on December 31 Refer to the Chart of Accounts for exact wording of accountries B. Prepare a statement of partnershipeouity for the current year for the partnership of Alvarez and Alison Refer to the Amount Descriptions ist provided for the exact wording of the answer choices for text entries