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Question 1 of 3 -13 On January 1.2021, the capital balances in Sandhill Partnership are as follows: Zoya Gable Matthew Smith $18.000 $22,080 Neither partner had any drawings in 2021 Prepare the closing entry to allocate the partnership profit if in 2021, the partnership reports profit of $82,800. There is no partnership agreement. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 (To close Income Summary.) e Textbook and Media Prepare the closing entry to allocate the partnership proftitin 2021, the partnership reports profit of $55.200. The income ratio provides for salary allowances of $38.640 for Gable and $27.600 to Smith and the remainder to be shared equally (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31 Address 40E c/index.html?launchid=0dc4e172-3e32-4807-be56-f7e0e43a0746#/question/0 NWP Assessment Player UI A Question 1 of 3 Tu proVIDUSTU Sdrary arowa OSUD30,00 TOT Ude and 100 tumorang memar vesareo quayTT account titles are automatically indented when the amount is entered. Do not indent manually) -13 Date Account Titles and Explanation Debit Dec. 31 Credit V (To close Income Summary.) e Textbook and Media Prepare the closing entry to allocate the partnership profit if in 2021, the partnership reports profit of $55,200. Assume the partnership agreement calls for profit to be divided with a salary of $36,800 to Gable and $27.600 to Smith. Gable is allowed 6% of interest on her beginning capital, and the remainder is divided 70%-30%. (Round answers to decimal places, eg. 5,276. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 v (To close Income Summary. e Textbook and Media