Question 1 of 1 11 (To close Income Summary.) 2024 (To record withdrawal of partner) (To record withdrawal of partner.) (To record cash drawings.) (To close Income Summary.) 2025 Question 1 of 1 (To close Income Summary.) 2025 Prepare the partners' equity section of the balance sheet after Dela is admitted to the partnership. Prepare the partners' equity section of the balance sheet after Dela is admitted to the partnership. debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts.) (Invest assets in business.) (Invest assets in business.) (Invest assets in business.) (Record cash drawings.) Question 1 of 1 On March 2, 2023, Zoe Denner, Karen Wilson, and Veronica Taylor start a partnership to operate a personal coaching and lifestyle consulting practice for professional women. Zoe will focus on work-life balance issues, Karen on matters of style, and Veronica on health and fitness. They sign a partnership agreement to split profits in a 3:2:3 ratio for Zoe, Karen, and Veronica, respectively. The following are the transactons for Oriole Personal Coaching: 2023 Mar. 2 The partners contribute assets to the partnership at the following agreed amounts: They also agree that the partnership will assume responsibility for Karen's note payable of $3,800. Dec 20 Zoe, Karen, and Veronica each withdraw \$22,800 cash as a "year-end bonus.' No other withdrawals were made during the vear: 31 Total profit $2023 was $83,600. 2024 Jan. 5 Zoe and Veronica approve Karen's request to withdraw from the partnershipfor personal reasons. They agree to pay Karen $11.400 cash from the partnership. 6 Zoe and Veronica agree to change their profit-sharing ratio to 4:5, respectively. Dec. 20 Zoe and Veronica withdraw $32.490 and $34.200 cash. respectively, from the partnership. 31 Total profit for 2024 was $94,050. 2025 Jan.4. Zge and Veronica agree to admit Dela Jackson to the parthership. Delo will focus on providigis training in organizational 2025 Jan, 4 Zoe and Veronica agree to admit Dela Jackson to the partnership. Dela will focus on providing training in organizational skills to clients. Dela invests $23,560 cash for 25% ownership of the partnership. Record the above transactions. For the profit recognized each year, calculate how it is to be allocated and record the closing of the Income Summary account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry' for the occount titles and enter 0 for the amounts.)