Ries, Bax, and Thomas invested $$26,000,$ $$42,000,$ and $$50,000,$

respectively, in a partnership. During its first calendar year, the

firm earned $$369,000.$ Required: Prepare the entry to close the

firm$$s Income Summary account as of its December $31$ year$-$end and to

allocate the $369,000$ net income under each of the following

separate assumptions$\mathrm{.}1.$The partners did not agree on a plan, and therefore

share income equally$\mathrm{.}2.$The partners agreed to share income and loss in the

ratio of their beginning capital investments$\mathrm{.}3.$The partners agreed to share income and loss by

providing annual salary allowances of $$38,000$ to Ries, $$33,000$ to

Bax, and $$45,000$ to Thomas; granting $10\%$ interest on the partners$$

beginning capital investments; and sharing the remainder

equally.