Please answer question

Closing Entries with Net Income Assume that the entry closing total revenues of $241,300 and total expenses of $180,100 has been made for the year ending December 31 . At the end of the fiscal year, Teresa Schafer, Capital has a credit balance of $279,000 and Teresa Schafer, Drawing has a balance of $23,400. a. Journalize the entry required to close the Teresa Schafer, Drawing account. If an amount box does not require an entry, leave it blank. Feedback P Check My Work b. Determine the amount of Teresa Schafer, Capital at the end of the period. $x