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Ries, Bax, and Thomas invested $42,000,$58,000, and $66,000, respectlvely, in a partnership. During its first calendar year, the firm earned $338,400. Required: Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $338,400 net income under each of the following separate assumptions. The partners agreed to share income and loss by providing annual salary allowances of $31,000 to Ries, $26,000 to Bax, and 38,000 to Thomas; granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally. Complete this question by entering your answers in the tabs below. Allocate $338,400 net income by providing annual salary allowances of $31,000 to Ries, $26,000 to Bax, and $38,000 to Thomas, granting 10% interest on the partners' beginning capital investments; and sharing the remainder equally