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 $78,000 shown on the worksheet ACCOUNT NAME Cash Accounts Receivable Supplies Equipment Accum. Depr. - Equip. Accounts Payable D. Danos, Capital D. Danos, Drawing Fees Income Salaries Expense Rent Expense Supplies Expense Depr. Exp. -Equip. Totals Net Income INCOME BALANCE SHEET STATEMENT DEBIT CREDIT 24,000 24,800 10,400 67,000 22,800 20,400 78,000 7,400 54,400 29,600 4,200 2,100 6,100 42,000 54,400 133,600 121,200 12,400 12,400 54,400 54,400 133,600 133.600 Prepare the closing entries for the Danos Company's on December 31, 2019. Post the closing entries to the owner's capital account. Prepare a postclosing trial balance Complete this question by entering your answers in the tabs below.