Stolton and Bright are partners in a business they started two years ago. The partnership agreement states that Stolton should receive a salary allowance of $12,800 and that Bright should receive a $19,500 salary allowance Any remaining income or loss is to be shared equally Determine each partner's share of the current year's net income of $52.400 (Enter all allowances os positive values. Enter losses. If any, as negative volues.) Total 52.400 $ Allocation of Partnership Income Stolton Bright Not incomo Sulary Wlowance Balance of income Balance allocated equally Balance of income Shares of the partners Lopez and Gomez are members in an LLC that reports net income of $131,000. An agreement states that Lopez receives a $20,100 salary allowance and Gomez receives a $50,100 salary allowance. Any remaining income or loss is to be shared by Lopez and Gomez in a 23 ratio in percents Lopez, 40% Gomez, 60%). 1. Determine each member's share of net income. 2. Prepare the entry to record the closing of Income Summary. HintThe business is a limited liability company (LLC). So equity accounts are "Lopez, Member Equity" and "Gomez, Member Equity Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine each member's share of net income Total 0 Allocation of each member's income Lopez Gomer Net Income Salary allowances Balance of incomo Balance located Balance of income Shares of the members $ 05 0 0 $ 0 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the entry to record the closing of Income Summary. Hint: The business is a limited liabilit are "Lopez, Member Equity" and "Gomez, Member Equity" View transaction list Journal entry worksheet A Record the entry to close Income Summary. Note: Enter debits before credits Transaction General Journal Debit + Credit Record entry Clear entry View general journal