The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30, 2023:

Required
1. Prepare an income statement based on the information provided.
2. Calculate the post-closing balance in the capital account at June 30, 2023, given that the adjusted balance on June 30, 2022, was $85,500.

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2023 June 30 Design Revenue Income Summary To close the revenue account. 30 Income Summary Depreciation Expense, Office Equipment Depreciation Expense, Office Furniture Insurance Expense Interest Expense Supplies Expense Telephone Expense Utilities Expense Salaries Expense To close expense accounts. June 30 Income Summary Nolan Apex, Capital To close Income Summary to capital. 30 Nolan Apex, Capital Nolan Apex, Withdrawals To close withdrawals to capital. 135,000 74,770 60,230 34,500 135,000 1,700 840 1,190 340 2,100 1,550 2,650 64,400 60,230 34,500