The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30, 2020: 2020 June 30 Design Revenue Income Summary To close the revenue account. 129,800 129,800 30 72,790 Income Summary Depreciation Expense, Office Equipment Depreciation Expense, Office Furniture Insurance Expense Interest Expense Supplies Expense Telephone Expense Utilities Expense Salaries Expense To close expense accounts. 1,400 780 1,130 280 1,800 1,250 63,800 56,210 June 30 56,210 Income Summary Nolan Apex, Capital To close Income Summary to capital. 31,500 31,500 30 Nolan Apex, Capital Nolan Apex, Withdrawals To close withdrawals to capital. Required: 1. Prepare an income statement based on the information provided. Required: 1. Prepare an income statement based on the information provided. APEX ARCHITECTURAL DESIGNS Income Statement For Year Ended June 30, 2020 Revenues Operating expenses Total operating expenses 2. Calculate the post closing balance in the capital account at June 30, 2020, given that the adjusted balance on June 30, 2019. was $82,500 Balance in the capital account