Requirement 2. The following T-accounts have been set up: Income Summary; Bingham, Capital; and Bingham, Withdrawals. Post the closing entries to the T-accounts and calculate their ending balances. Use "Clos." and the corresponding number as shown in the journal entry as posting references"Clos. (1)", "Clos. (2)", etc. The adjusted balance of each account has been entered for you. For any accounts with a zero balance after closing, enter a "0" on the normal side of the account. For Income Summary, calculate and enter the balance ("Bal.") before posting the entry to close out the account. Post the entry to close Income Summary account on the line after the balance prior to closing (the third line) and then show the post-closing balance ("Bal.") on the last (fourth) line of the account. (Click the icon to view the closing journal entries you prepared above.) Adj. Bal. Bingham, Withdrawals 40,500 Bingham, Capital Income Summary 9,400 Adj. Bal. Bal. Date Accounts and Explanation Debit Credit Mar. 31 Sales Revenue 239,000 Clos. (1) Income Summary 239,000 To close revenues. Mar. 31 Income Summary Clos. (2) Sales Returns and Allowances Sales Discounts Cost of Goods Sold Selling Expenses Administrative Expenses Interest Expense 142,000 1,200 1,300 95,600 26,900 14,400 2,600 To close expenses and other debit accounts. Mar. 31 Income Summary Clos. (3) Bingham, Capital To close Income Summary. Mar. 31 Bingham, Capital Clos. (4) Bingham, Withdrawals To close withdrawals. Print Done 97,000 97,000 40,500 40,500