4 Capri Company began the current period with a $44,000 credit balance in the K. Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. services revenue $ 116,000 Interest revenue salaries expense Depreciation expense 38,500 K. Capri, withdrawals 11,600 utilities expense $ 11,400 14,500 6,900 1. After closing the revenue and expense accounts, what is the balance of the Income Summary account? Step 1: Close Revenues to Income Summary Debit Credit Step 2: Close Expenses to Income Summary Debit Credit Income Summary 2. After all closing entries are journalized and posted, what is the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Step 4: Close Withdrawals to Capital Debit Credit K. Capri, Capital Beginning balance 44,000