On December 31, the Income Summary account of Ballon Company has a debit balance of $222,000 after revenue of $234,000 and expenses of $456,000 were closed to the account. Kenneth Ballon, Drawing has a debit balance of $24,000 and Kenneth Ballon, Capital has a credit balance of $348,000 Required: 1. Record the journal entries necessary to complete closing the accounts. 2. What is the new balance of Kenneth Ballon, Capital