Saved Heip Save &Ext Subet Required information [The following information applies to the questions displayed below.] Ries, Bax, and Thomas invested $28,000, $44,000, and $52,000, respectively, in a partnership. During its first calendar year, the firm earned $334,800. Required: Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $334,800 net income under each of the following separate assumptions: 1. The partners did not agree on a plan, and therefore share income equally. View transaction list Journal entry worksheet Record the entry to close the income summary account assuming the partners did not agree on a plan, and therefore share income equally. * 6 of 7 Next> 4 5