Evan Roberts owns a business, Shore Sports, that rents canoes and kayaks. Below is the adjusted trial balance at December 31. Account No. Credit Balances 11 12 13 Debit Balances 1,500 2,000 100 1,600 2,800 15,000 14 16 18 19 21 22 23 25 Cash Accounts Receivable Interest Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Evan Roberts, Capital Evan Roberts, Drawing Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense Totals 3,000 2,400 3,920 2,700 500 7,700 31 2,000 37,000 1,200 100 32 41 42 43 51 52 53 54 55 56 19,000 1,800 320 700 9,000 2.700 58,520 58,520 The entry required to close the expense accounts at the end of the period will a decrease Owner's Capital by $35,520 b. decrease Owner's Capital by $33,520 c. increase Owner's Capital by $33,520 The entry required to close the expense accounts at the end of the period will a. decrease Owner's Capital by $35,520 b. decrease Owner's Capital by $33,520 c. increase Owner's Capital by $33,520 d. increase Owner's Capital by $35,520