Presented below is an adjusted trial balance for Shawn Company, at December 31, 2020.

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 Accounts payable 20,000 Notes payable 15,000 Accumulated depreciation-Equipment 35,000 Service revenue 7,000 Owner's capital 1,500 Unearned service revenue 1,400 800 12,000 $10,000 9,000 14,000 29,000 24,000 16,000 1,600 $102,000 $102,000 Prepare closing entries for December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account.) 31 (To close expense accounts) 31 (To close net income to capital) 31 (To close drawings to capital) Determine the balance in the Owner's Capital account after the entries have been posted. Balance in owner's capital $ $