Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $193,000, expenses of $107,700, and withdrew $21,200 from the business during the current year. The owners capital account before closing had a balance of $305,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:

• Debit Income Summary $64,100; credit T. Westmont, Capital $64,100

• Debit T. Westmont, Capital $85,300, credit Income Summary $85,300

• Debit T. Westmont, Capital $64,100; credit Income Summary $64,100

• Debit Income Summary $85,300, credit T. Westmont, Capital $85,300

• Debit T. Westmont, Capital $305,000; credit Income Summary $305,000