A business has the following account balances on December 31, 2020, after posting all adjusting entries. All accounts have normal balances.

Account	Balances
Cost of goods sold	61,000
Depreciation expense	21,600
Drawings	28,900
Interest expense	12,500
Kwantlen, capital, Jan. 1, 2020	103,900
Prepaid rent	5,500
Rent expense	31,400
Rent revenue	10,800
Salaries expense	89,600
Sales returns and allowances	9,500
Sales	189,000
Unearned revenue	4,400

Part A: When the closing entry is prepared for temporary accounts with credit balances, Income Summary will be:

credited for $199,800

debited for $199,800

debited for $189,000

credited for $189,000

Part B: When the closing entry is prepared for temporary accounts with debit balances, Income Summary will be

debited for $225,600

debited for $210,300

debited for $155,100

debited for $155,100

Part C: When Income Summary is closed to Owner's Capital, Income Summary will be:

credited for $44,700

debited for $44,700

credited for $25,800

debited for $25,800

Part D: Once closing entries are posted, the ending balance in Owners Capital will be:

$62,900

$101,200

$49,200

$88,400