Intermedia LLP has three partners: Sheila Frances, Lindsey Wilson, and Maureen Culver. On January 1, 2015, the three partners had equity of $200,000, $50,000, and $120,000, respectively. Sheila Frances contributed an additional $50,000 to Intermedia LLP on June 1, 2015. Lindsey Wilson received an annual salary allowance of $115,600 during 2015. The partners' equity accounts are also credited with 12% interest on each partner's January 1 capital balance. Any remaining income is to be shared in a ratio of 4:3:3 among the three partners. The net income for Intermedia LLP for 2015 was $650,000. The salary and interest allowances were distributed to the partners.

a. Determine the division of income among the three partners.

b. Prepare the journal entry to close the net income and withdrawals to the individual partner equity accounts.

c. Prepare a statement of changes in partnership equity for 2015.