Billings Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances. (Click the icon to view the account balances.) 14. Prepare the closing entries for Billings at December 31. 15. What is the balance of Billings, Capital after closing entries have been recorded? (Use a T-account determine the balance.) Data table Cash Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Notes Payable (long-term) $ Billings, Capital Billings, Withdrawals Service Revenue 4,400 2,700 2,300 3,100 Depreciation Expense-Equipment 34,700 1,100 5,000 7,600 Salaries Expense Rent Expense Utilities Expense Supplies Expense $ 36,500 2,300 3,100 500 500 1,400 1,100 300