=+EX 4-15 Closing entries obj. 3 After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $193,400 and a credit of $258,600. At the same date, Laurie Engan, Capital has a credit balance of $300,000, and Laurie Engan, Drawing has a balance of $25,000.

(a) Journalize the entries required to complete the closing of the accounts.

(b) Determine the amount of Laurie Engan, Capital at the end of the period.