The following information applies to the questions displayed below.$]$

Ries, Bax, and Thomas invested $$44,000,$ $$60,000,$ and $$68,000,$ respectively, in a partnership. During its first calendar year, the firm earned $$412,200.$

Required:

Prepare the entry to close the firm$$s Income Summary account as of its December $31$ year$-$end and to allocate the $$412,200$ net income under each of the following separate assumptions.

$1.$ The partners did not agree on a plan, and therefore share income equally. $($Record the entry to close the income summary account assuming the partners did not agree on a plan, and therefore share income equally.$)$

$2.$ The partners agreed to share income and loss in the ratio of their beginning capital investments. $($Appropriation of profitsGeneral Journal

Allocate $$412,200$ net income in the ratio of their beginning capital investments.

Note: Do not round intermediate calculations. Round final answers to the nearest whole dollar.$)$

$3.$ The partners agreed to share income and loss by providing annual salary allowances of $$39,000$ to Ries, $$34,000$ to Bax, and $$46,000$ to Thomas; granting $10\%$ interest on the partners$$ beginning capital investments; and sharing the remainder equally.$($Appropriation of profits and General Journal

Allocate $$412,200$ net income by providing annual salary allowances of $$39,000$ to Ries, $$34,000$ to Bax, and $$46,000$ to Thomas; granting $10\%$ interest on the partners$$ beginning capital investments; and sharing the remainder equally.$)$

PLEASE ANSWER ALL THE QUESTION BELOW I WAS ALLOWED TO UPLOAD ONE PICTURE HOPE YOU CAN HELP ME OUT THANK YOU