7) The following are selected accounts and their balances after adjustments at May 7)_ 31, 2015, the end of Mark's Furniture Refinishing's fiscal year. Tell me what you want to do are Refinishing Trial Balance December 31, 2015 Cash Accounts receivable Refinishing supplies Took Accumulated depreciation, took Accounts payable Mark Madman, capital Mark Madman, withdrawals Fees earned Wages expense Supplies expense Depreciation expense Utilities expense Rental expense Debit Credit $ 20.000 5.000 16.000 65,000 $ 12,000 4.000 4,000 1,000 100,000 5,000 500 3.000 500 4,000 Total $ 120,000 $ 120,000 1) Prepare the necessary closing entries at December 31. 2) What is the balance of Mark's capital account after the bookkeeper posts the closing entries? Please write down the answer here for Capital balance