-) C D file://home/chronos/u-85e4d13e1f5f79c1 7331 679e7acff Q @ O 4 @ e. Expired insurance, $1S Exercise 4-5 Determining effects of closing entries C1 Capri Company began the current period with a $20,000 credit balance in t he K. Capri, Capital account t the end of the period, the company's adjusted account balances include the following temporary ac- counts with normal balances 7,000 12,000 4,600 $70,000 Interest revenue .. Salaries expense... Depreciation expense 38,000 8,000 K. Capri, Withdrawals Utilities expense . 1. After closing the revenue and expense accounts, what is the balance of the Income Summary account? 2. After all closing entries are journalized and posted, what is the balance of the K. Capri, Capital account