Danos Company's partial worksheet for the month ended December 31, 2019, is shown below. Open the owner's capital account (account number 301) in the general ledger and record the December 1, 2019, balance of $68,000 shown on the worksheet.

INCOME STATEMENTBALANCE SHEETACCOUNT NAMEDEBITCREDITDEBITCREDITCash19,000Accounts Receivable22,800Supplies9,400Equipment62,000Accum. Depr. - Equip.20,800Accounts Payable19,400D. Danos, Capital68,000D. Danos, Drawing6,400Fees Income48,400Salaries Expense27,600Rent Expense3,200Supplies Expense1,600Depr. Exp. Equip.4,600Totals37,00048,400119,600108,200Net Income11,40011,40048,40048,400119,600119,600

Prepare the closing entries for the Danos Company's on December 31, 2019. Post the closing entries to the owner's capital account. Prepare postclosing trial balance.