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Kerth Williams and Brian Adams were students when they formed o partnership several years ago for o part-time business called Music Works. Adjusted trial balance information for the year ended December 31, 2023, appears below. -Assume all account balances ate normal "The partners mode no investments during the year. -..\$41,000 of the note payable is due in May 2024 Required: 1. Prepare calculations that show how the profit should be allocoted to the partners assuming the pacthership agreement states that profitillostes are to be thared by oliowing o $91,000 per year solory ollowance to Wiliams, a $151000 per yeor salary allowance to Adoms, and the retriander on o 32 tatio (Leave no cell blank. Enter " 0 " when the answer is zero.) Required: 1. Prepare calculations that show how the profit should be allocoted to the partners assuming the partnership agreement states that profit/lossesf are to be shared by allowing o $91,000 per year salary allowance to Williams, a $151,000 per year salary allowance to Adams, and the remainder on a 3:2 ratio. (Leave no cell blank. Enter " 0 " when the answer is zero.) 2. Prepore the joumal entry to slose the income Summary occount to the partners' capital accounis. Journal entry worksheet 2. Prepare the journal entry to close the Income Summary account to the partners' capital accounts. Journal entry worksheet Record the closing of profit to capital. Nioter Enter debits bafore crodes. 3. Prepare a statement of changes in equity and a classified balance sheet

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