Chapter 5 Problem (9 points): Professor Hirt has an investment advisory and sports car acquisition consulting business. At the end of the 3rd quarter, these accounts had the following balances: JA Hirt, Capital $47,500 JA Hirt, Drawing $20,000 Consulting Revenue $23,500 Interest Revenue $1,500 Communications Expense $2,500 Entertainment (Happy Hour) Expense $15,000 Miscellaneous Expense $2,000 Travel Expense $8,000 All the balances are those that these accounts would normally have (as to either Debit or Credit) Using the income Summary Account, record - in proper General Journal format - the Closing Entries IN PROPER ORDER, state the NET INCOME or NET LOSS, identifying which of the two it is, which is $ and state the balance in the JA Hirt, Capital account at the beginning of the 4th quarter, which is $