White, Tren, and Waze decide to form a T-shirt design partnership Avery White figures this T-shirt design business will help her other company, Happy Camper Company, with any T-shirt design needs. Additionally. Tren and Waze have connections with many companies and can expand and grow this new partnership. (Click the icon to view the additional information.) Read the requirements Requirement 1. Journalize the contribution of the partners in the partnership on January 1, 2025 (Prepare a single compound entry for this transaction. Record debits) first, then credits Select the explanation on the last line of the journal entry table) Date Jan 1 Accounts and Explanation Debit Credit Requirement 2. Joumalize the allocation of the loss from the Income Summary account. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec 31 Accounts and Explanation Debit Credit Requirement 3. Journalize the withdrawal of White as a partner on December 31, 2025 (Prepare a single compound entry for this transaction Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Dec 31 Accounts and Explanation Debit Credit Requirement 4. Calculate the ending balances in Tren and Waze's capital accounts. (Use a minus sign or parentheses for a net loss.) Tren Waze Total Capital, December 31, 2025 Each of the three partners contributes $36,000 cash to start up the WTW partnership. They agree to share profits in two steps. First, Tren will receive $12,000 and Waze will receive $15,000 because they will do most of the graphic design work. Any remaining profits or losses will be shared 1:2:3, respectively for White, Tren, and Waze. The business starts on January 1, 2025. On December 31, 2025, the business posted a loss of $18,000. White decides to withdraw from the partnership on December 31, 2025. Tren and Waze agree to give White $27,500 for her equity interest