Presented below is an adjusted trial balance for Shawn Company, at December 31, 2020. Cash Accounts receivable Prepaid insurance Equipment Depreciation expense Owner's Drawings Advertising expense Rent expense Salaries and wages expense Insurance expense $7,700 20,000 15,000 35,000 7,000 1,500 1,400 Accounts payable Notes payable Accumulated depreciation- Equipment Service revenue Owner's capital Unearned service revenue $10,000 9,000 14,000 29,000 24,000 16,000 800 12,000 1.600 $102.000 $102000 Instructions (a) Prepare closing entries for December 31, 2020. (b) Determine the balance in the Owner's Capital account after the entries have been posted.