Below are excerpts from the work sheets of two businesses as at March 31.2020. Those rows that calculate totals are at the bottom of the last two sets of columns. "The adjusted balances in withdrawals and capital were $17,200 and $65,000, respectively, "The adjusted balances in withdrawais and capital were $0 and $116,000, respectively. Required: Dothe following for each business: 1. Iderisify the protit or loss for the year ended March 31. 2020 . 2. Prepare the entry to close the income Summary account to capital. Journal entry worksheet Record to close the income summary account to capital. Mote Lnter debits before crests. Record to close the income summary account to capital. Note: Enter debits before credits. 3. Calculate the post-closing balance in capital at March 31, 2020