Exercise $6\mathrm{.}6($Static$)$ Closing entries. LO $6-1$The Income Summary and Henry Peterson, Capital accounts for Peterson Production Company at the end of its accounting period follow.Income SummaryAccount Number $399$ BalanceDateDescriptionDebitCreditDebitCreditDecember $3120$X$1$Closing $134,000134,000$December $3120$X$1$Closing$71,80062,200$December $3120$X$1$Closing$62,2000$Henry Peterson, CapitalAccount Number $301$ BalanceDateDescriptionDebitCreditDebitCreditDecember $120$X$1240,000240,000$December $3120$X$1$Closing $62,200302,200$December $3120$X$1$Closing$22,000280,200$Enter the following amounts.

$1.$ Total revenue for the period is

$2.$ Total expenses for the period are

$3.$ Net income for the period is

$4.$ Owner's withdrawals for the period are