Partnership Entries and Statement of partnership Equity The capital accounts of Angel Alvarez and Emma Allison have balances of $81,000 and $57,000, respectively, on January 1, 20Y4, the beginning of the fiscal year. On March 10, Alvarez invested an additional $9,000. During the year, Alvarez and Allison withdrew $42,000 and $34,000, respectively, and net income for the year was $108,000. Revenues were $529,000, and expenses were $421,000. The articles of partnership make no reference to the division of net income a. Journalize the entry to close the revenues and expenses. For a compound transaction, if an amount box does not require an entry, leave it blank Revenues Expenses Angel Alvarez, Capital Emma Allison, Capital 529,000 421,000 54,000 54,000 529,000 421,000 54,000 54,000 ournalize the entry to close the drawing accounts. For a compound transaction, if an amount box does not require an entry, leave it blank Angel Alvarez, Capital 42,000 Emma Allison, Capital 34,000 Angel Alvarez, Drawing 42,000 Emma Allison, Drawing 34,000 b. Prepare a statement of partnership equity for the current year for the partnership of Alvarez and Allison. If an amount is zero or a blank