QUIZ 10 d out of Curly, Larry and Moe formed a partnership that provides residential plumbing services. The business has a December 31 year end. At the beginning of the year, the opening balance in Curly's capital account was $165,300, Larry's opening capital balance was $330,600 and Moe's opening capital balance was $247,950. The business reported a net income of $407,600. Their partnership agreement provided for sharing of net income (loss) on the following basis 1. Salary allocation of $113,600 to Curly, $62,400 to Larry and $80,700 to Moe 2. Remainder shared where Curly gets 20%, Larry gets 20% and Moe gets 60% Prepare a table showing changes in the partners capital during the year. on Do not enter dollar signs or commas in the input boxes. Do not enter use the negative sign in your answers, Round your answers to the nearest whole number Total Curly Larry Moe Net Income Salaries Remainder Salaries Remainder Share of remainder Transferred to partner's capital b) Prepare the journal entry to record the distribution of net income. Assume revenues and expenses have been closed to the income summary account Debit Account Title and Explanation Dato Credit Dec 31 . . Allocate income to partners