Growers' Service closes its accounts and prepares financial statements at the end of each calendar year. The following adjusted trial balance was prepared on December 31 of the most recent year (do not provide explanations). GROWERS' SERVICE ADJUSTED TRIAL BALANCE DECEMBER 31, 20-- Debit Credit Cash $7 300 Notes receivable 4.500 Accounts receivable 12 800 Land 140 000 Building 93 000 Office equipment 4.000 Notes payable Accounts payable 16 300 Susan Lee, Capital 145 900 Susan Lee, Drawings 24 000 Commissions Earned 88 000 Advertising expense 12 500 Insurance expense 2.800 Utilities expense 3.000 Salaries expense 46 200 Miscellaneous expense 100 $350 200 $350 200 a) Journalize closing entries at December 31, 20-- (6 marks) b) What is the updated balance in the Susan Lee, Capital account after the closing procedure? (1 mark)