[The following information applies to the questions displayed below.] Ries, Bax, and Thomas invested $38,000, $54,000, and $62,000, respectively, in a partnership. During its first calendar year, the firm earned $334,500. Required: Prepare the entry to close the firm's Income Summary account as of its December 31 year-end and to allocate the $334,500 net income under each of the following separate assumptions. The partners did not agree on a plan, and therefore share income equally. > Answer is complete but not entirely correct. No Date 1 December 31 Income summary Ries, Capital Bax, Capital Thomas, Capital General Journal Debit Credit 334,500 69,081 X 98,168 112,711 x