Captl Company began the current period with a $39.000 credit balance in the K Capri, Capital account. At the end of the period, the company's adjusted account balances include the following temporary accounts with normal balances. Service fees earned Salaries expense Depreciation expense $96,000 Interest revenue 48,500 K. Capri, withdrawals 8,800 Utilities expense $ 7,400 15,000 6,689 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Step 1: Close Revenues to Income Summary Debit Credit Step 2: Close Expenses to Income Summary Debit Credit Income Summary 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Debit Credit Step 4: Close Withdrawals to Capital Beginning balance K. Capri, Capital 39,000