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13 Required information [The following information applies to the questions displayed below.) Ries Bax, and Thomas invested $24.000, $40,000, and $48.000, respectively, in a partnership During its first calendar year, the firm earned $375,900 Required: Prepare the entry to close the firm's income Summary account as of its December 31 year-end and to allocate the $375,900 net income under each of the following separate assumptions 14 2. The partners agreed to share income and loss in the ratio of their beginning capital investments. (Do not round intermediate calculations. Round final answers to the nearest whole dollar) Complete this question by entering your answers in the tabs below. Appropriation of profits General uired information Income an accin the rain their naniniranitaliniocima Saved 5 Complete this question by entering your answers in the tabs below. 2013 Appropriation General of profits Journal Allocate $375,900 net income in the ratio of their beginning capital investments. (Do not round intermedi Round final answers to the nearest whole dollar) 5154 Supporting Computations Ries Bax Thomas Percentage of Total Equity Income Summary Allocated Income to Capital XX General Journal > C. of 3 Journal entry worksheet Record the entry to close the income summary account assuming the partners have agreed to share income and loss in the ratio of their beginning capital investments 34 Tote: Enter debits before credits Date Dec 31 General Journal Debit Credit Record entry Clear entry View