Butler Company had the following adjusted trial balance: T Account Titles Debit Credit Cash 18,630 Accounts Receivable 8,470 Supplies 6,560 Equipment 48,100 Accumulated Depreciation 9,500 Accounts Payable 4,730 Deferred Rent Revenue 1,670 Capital 45,100 Drawing 14,300 Commission Revenue 50,360 Rent Revenue 5,300 Depreciation Expense 6,200 Utilities Expense 9,200 Supplies Expense 5,200 Total 116,660 116,660 Required: Prepare the third closing entry to close the Income Summary account to the Capital account, given that net income for the period = $35,060. Date Account Title Dec. 31 Debit Credit