On December 31, the Income Summary account of Davidson Company has a debit balance of $37,000.00 after revenue of $39,000.00 and expenses of $76,000.00 were closed to the account. Michelle Davidson, Drawing has a debit balance of $4,000.00 and Michelle Davidson, Capital has a credit balance of $58,000.00. What are the journal entries necessary to complete the closing of accounts? What is the new balance of Michelle Davidson, Capital?