The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30, 2023:

2023 June 30 Design Revenue 135,000 Income Summary 135,000 To close the revenue account. 30 Income Summary 74,770 Depreciation Expense, Office Equipment 1,700 Depreciation Expense, Office Furniture 840 Insurance Expense 1,190 Interest Expense 340 Supplies Expense 2,100 Telephone Expense 1,550 Utilities Expense 2,650 Salaries Expense 64,400 To close expense accounts. June 30 Income Summary 60,230 Nolan Apex, Capital 60,230 To close Income Summary to capital. 30 Nolan Apex, Capital 34,500 Nolan Apex, Withdrawals 34,500 To close withdrawals to capital.

equired: 1. Prepare an income statement based on the information provided. 2.Calculate the post-closing balance in the capital account at June 30, 2023, given that the adjusted balance on June 30, 2022, was $85,500.