Take me to the text On February 1, 2020, Arnold, Bryan and Mathieu form a limited liability partnership to start a small public accounting firm. Arnold, Bryan and Mathieu have invested $79,000, $53,000 and $66,000 respectively. Mathieu has also invested a piece of equipment that is worth $2,000. During the first year of operations in 2020, the firm earned a net income of $265,000. All earnings are to be divided according to the initial capital contribution of each partner. In addition, Arnold and Bryan withdrew $9,300 and $4,800 cash from the business. On January 1, 2021, a new partner (Harry) was added to the firm. Harry purchased 80% of Arnold's investment and 13% of Mathieu's investment (equity) in the business. a) Assume year-end is on December 31, prepare the journal entries to set up the partnership, record the withdrawals, and distribute the income for 2020. Also, prepare any additional closing or adjusting entries. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. For transactions with more than one debit or credit, enter the accounts in alphabetical order.