Ries, Bax, and Thomas invested $22,000, $38,000, and $46,000, respectively, in a partnership. During its first calendar year, the firm earned $383,400. Required: Prepare the entry to close the firm’s Income Summary account as of its December 31 year-end and to allocate the $383,400 net income under each of the following separate assumptions. Allocate $383,400 net income in the ratio of their beginning capital investments. (Do not round intermediate calculations. Round final answers to the nearest whole dollar.)

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