Exercise 6.5 (Algo) Closing entries. LO 6-1 The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income Summary Account No. 399 Balance Credit Debit Credit Debit Date Description 20X1 Dec. 31 Closing 31 closing 31 closing 64,200 34,500 29,700 64,200 29,700 0 Linda Carter, Capital Account No. 301 Balance Credit Debit Credit Date Description Debit 20X1 Dec. 1 31 closing 31 Closing 106,000 29, 700 106,000 135,700 126,100 9,600 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