Ries, Bax, and Thomas invested $28,000, $44,000, and $52,000, respectively, in a partnership. During its first calendar year, the firm earned $351,900. Required: Prepare the entry to close the firms Income Summary account as of its December 31 year-end and to allocate the $351,900 net income under each of the following separate assumptions: Problem 12-3A Part 1 1. The partners did not agree on a plan, and therefore share income equally.