The capital accounts of Lorraine Grecco and Carrie Rosenfeld have balances of $64,000 and $99,000, respectively, on January 1, 2014, the beginning of the fiscal year. On March 10, Grecco invested an additional $11,000. During the year, Grecco and Rosenfeld withdrew $43,000 and $53,000, respectively, and net income for the year was $84,000. Revenues were $654,000, and expenses were $570,000. The articles of partnership make no reference to the division of net income. a. Journalize the entry to close the revenues and expenses. If an amount box does not require an entry, leave it blank. Revenues Expenses Lorraine Grecco, Capital Carrie Rosenfeld, Capital Feedback Journalize the entry to close the drawing accounts. If an amount box does not require an entry, leave it blank. Lorraine Grecco, Capital Carrie Rosenfeld, Capital Lorraine Grecco, Drawing Carrie Rosenfeld, Drawing Feedback b. Prepare a statement of partnership equity for the current year for the partnership of Grecco and Rosenfeld. If an amount is zero or a blank, enter in 0. Grecco and Rosenfeld Statement of Partnership Equity For the Year Ended December 31, 2014 Lorraine Grecco Carrie Rosenfeld Balances, January 1, 2014 Total Additional investment during the year Net income for the year Withdrawals during the year Balances, December 31, 2014