Wallace and Simpson formed a partnership with Walace contributing 582.000 and Simpson contributing 562.000. Their partnership agreement calls for the income foss) division to be based on the ratio of capital Investments. The partnership had income of $180.000 for its fast year of operation when the income Suruary is closed, the journal entry allocate partner income is: Do not found intermediate calculations) Multiple Choice Debit Income Summary $30.000 credit Wece Capital 590,000 credit Simpson Capital 590 000 Debt Wallace, Capital $90.000 debt Simpton, Canal 590,000 credit Income Summary 5190.000 Debit income Summary0.000, credt Wate, Capital 102.500 compton Capital 7.500 O Debt Cu 180.000, cred Wallace, Cat 502.5.00, credito Cap 577500 Debs Welce. Ca 102.500 de 2.000 Credit CDO