Part IA Gentlemen Jim's provides a computer consulting service. Its revenue and expenses for the year were $170,000 and $65.000, respectively. The beginning OE - Capital account was $45,000 as of January 1 (at the start of the current year). During the year the owner withdrew $120.000 cash. Prepare all the necessary closing entries and calculate the ending balance in the OE-Capital account as December 31 of the current year. 2