Calculate the end of year balance if E boyle capital

Epic North Coffee (Eric Boyle, owner) started the year with a beginning capital balance of $20,000. During the year the business earned $40,000 Of service revenue and incurred the following expenses: Advertising Expenses Rent Expense utility Expense $1,575 2,650 1,925 Amortization Expense-Furniture 924 Delivery Expense The owner withdrew $8,000 from the business. I) prepare Vhe closing entries for the vear using the below. Oebit A nt Title