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 65, 200 35,000 30, 200 65, 200 30, 200 0 Linda Carter, Capital Account No. 301 Balance Credit Debit Credit Debit Date Description 20X1 Dec. 1 31 Closing 31 Closing 111,000 30, 200 111,000 141, 200 131, 100 10, 100 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