Veda Storey and Gordon Rogers have a partnership agreement with the following provisions for sharing profit or loss: 1. 2. A salary allowance of $30,700 to Storey and $39,500 to Rogers An interest allowance of 5% on capital balances at the beginning of the year The remainder to be divided between Storey and Rogers on a 2:3 basis 3. The capital balances on January 1, 2021, for Storey and Rogers were $83,000 and $99,000, respectively. For the year ended December 31, 2021, the Oriole Partnership had sales of $338,000; cost of goods sold of $246,000; operating expenses of $128,000; V. Storey drawings of $23,400; and G. Rogers drawings of $31,500. Prepare an income statement for Oriole Partnership for the year. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) ORIOLE PARTNERSHIP Income Statement V ORIOLE PARTNERSHIP Division of Loss V. Storey G. Rogers Tot Loss $ $ $ Salary allowance V. Storey G. Rogers Total Deficiency remaining for allocation Interest allowance V. Storey G. Rogers Total Deficiency remaining for allocation Fixed ratio V. Storey G. Rogers ORIOLE PARTNERSHIP Division of Loss v V. Storey G. Rogers Total $ $ aining for allocation ice aining for allocation Loss Salary allowance V. Storey G. Rogers Total Deficiency remaining for allocation Interest allowance V. Storey G. Rogers Total Deficiency remaining for allocation Fixed ratio V. Storey G. Rogers Total Loss remaining for allocation $ $ Loss allocated to the partners $ aining for allocation aining for allocation for allocation o the partners $ $ $ Prepare a statement of partners' equity for the year. ORIOLE PARTNERSHIP Statement of Partners' Equity V. Storey G. Rogers Total $ $ $ $ $ $ Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account.) Dec. 31 (To close expense accounts.) Dec. 31 (To close Income Summary.) Dec. 31 (To close drawings accounts.)