The December 31, 2020, unadjusted trial balance for Musical Sensations after its second year of operations follows:

MUSICAL SENSATIONS

Work Sheet

December 31, 2020UnadjustedTrial BalanceAccountDebitCreditCash$7,500Accounts receivable14,200Office supplies790Musical equipment125,000Accumulated depreciation, musical equipment$21,600Accounts payable4,200Unearned performance revenue12,400Jim Daley, capital154,300Jim Daley, withdrawals52,000Performance revenue138,000Salaries expense86,000Travelling expense45,010Totals$330,500$330,500

Following are the additional information:

1. A review of the Unearned Performance Revenue account revealed a balance remaining of $9,225.
2. Annual depreciation on the musical equipment is $21,600.
3. Accrued salaries at December 31 totalled $6,100.
4. It was determined that $650 of the balance in the Office Supplies account had been used.

Required:

1-3.Use the above information to complete the work sheet.

4.Calculate the balance in the capital account as it would appear on the December 31, 2020, balance sheet.