X; Yand C formed a partnership on January $1,2023.$ The fair value of the net assets invested by each partner as follow: X: $$500,000$ Cash and Land $$......$ Y: $$200,000$ Cash and Account receivables $$.......$ C: $$50,000$ Cash; Building $$30,000$ and Liability $$........$ The ending capital balance after the equally distributing of the net income which was $$300,000$ and drawing $$20,000$; $$10,000$ and $$60,000$ respectively to X; Y and C is: X: $$630,000$ Y: $$380,000$ C: $$110,000$ Instruction: Prepare journal entries to: $(1)$ Close the income summary and drawing accounts. i need the answer in steps and journal entries