Lambert Company had a $$15,300$ loss for the year ended October $31,2024.$ The company is a partnership owned by Lilia and Terry Lambert. Salary allowances for the partners are Lilia $$24,900$ and Terry $$15,000.$ Interest allowances are Lilia $$5,300$ and Terry $$9,300.$ The remainder is shared $75\%$ by Lilia and $25\%$ by Terry. $($a$)$ Calculate the loss to be allocated to each partner. $($b$)$ Prepare a journal entry to close the Income Summary account.Prepare financial statements.