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Togna Company had a $15.900 loss for the year ended October 31, 2021. The company is a partnership owned by Lilla and Terry Tognazzini, Salary

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Togna Company had a $15.900 loss for the year ended October 31, 2021. The company is a partnership owned by Lilla and Terry Tognazzini, Salary allowances for the partners are Lilia $23,200 and Terry $14.300 Interest allowances are Lilla 55.800 and Terry 59.800. The remainder is shared 75% by Lilla and 25% by Terry Calculate the loss to be allocated to each partner. (Enter negative amounts using either a negative si preceding the number eg. 45 or parentheses es (451) Lilia Terry loss allocated to the partners $ Prepare a journal entry to close the income Summary account. (Credit accounties are automatically indented when the mouth entered. Do not indent manually Account Tities and Explanation Debit Credit (To close Income Summary)

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