The partnership of Downey and Germaine reports the following information: Ken Downey withdrew cash of $154,000 for personal use. Brian Germaine withdrew cash of $122.000 during the year . Net income is $257,000. The first $128,500 is shared based on the partner capital investments (Downey 592,000 and Germaine 5165,000). The next $100.000 is shared based on partner service, with Downey receiving 60 percent and Germaine receiving 40 percent. The remainder is shared equally Journalize the entries on December 31 to close to each Capital account with thu net income to the partners, and to close the partners' Withdrawal accounts. Explanations are not required. Indicate the amount of increase or decrease in each partner's Capital balance. What was the overall effect on partnership capital? Journalize the following transactions that Vast Corp. conducted during 2020 Feb 7 Issued 12,000 common shares at $17.00 per share. Apr. 8 Repurchased 2.400 common shares at $20.00 per share. The averace issue price of these shares was $21 00 Jun. 2 Repurchased 1.900 common shares at $26.00 per share. The averace issue price of the shares was $21.00