The income statement columns of Swanson Company's year-end worksheet are as follows: Sales Sales Returns and Allowances Accounts Receivable $600,000 30,000 120,000 475,000 4,000 Cost of Goods Sold Freight out Advertising Expense Accounts Payable Rent Expense Office Supplies Store Salaries Expense Utilities Expense Amortization Expense 8,000 25,000 32,000 1,800 63,000 12,000 5,000 31,000 121,000 6,000 Merchandise Inventory Sargent, Capital Sargent, Drawings Instructions A) Prepare the end of the period closing entries for the Swanson. OMIT Explanations.( 9 marks) Debit Credit B) What is the closing Capital Balance for Sargent? 4 marks