Required information The following information applies to the questions displayed below] Ries, Bax, and Thomas invested $42,000,$58,000, and $66,000, respectively, in a partnership. During its first calendar year, the firm earned $390,900. Year, the fi Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $390.900 net income under each of the following separate assumptions. The partners agreed to share income and loss by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and. 44,000 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 $390,900 net income by providing annual salary allowances of $37,000 to Ries, $32,000 to Bax, and $44,000 to Thomas; granting 10% interest on the partners" beginning capital invostmontonwa. wa. $32,000 to Bax, and $4A