Question 6 (15 marks) Martineau and Tangelo formed a partnership on January 2, 2020 and invested $40,000 and $60,000, respectively. On June 30, Martineau invested an additional $10,000. On September 30, Martineau and Tangelo withdrew $12,000 and $8,000, respectively in anticipation of earnings. On December 31, the net income for the year was $36,000. The partnership agreement states that gains and losses are to be distributed on the following basis: interest allowance of 10% on beginning capital balances, salary allowance of $16,000 to Martineau and $24,000 to Tangelo, and, remainder to be distributed 1:2 Required: 1. Prepare a schedule to show all steps in the division of net income between Martineau and Tangelo. 2. Prepare the journal entry to close the Income Summary account, using the division of net income calculated in Req. 1.