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The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Income Summary Account No. 399

The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow.

Income Summary Account No. 399 Balance

Date Description Debit Credit Debit Credit

2019

Dec. 31 Closing 65,800 65,800

31 Closing 35,300 30,500

31 Closing 30,500 0

Linda Carter, Capital Account No. 301 Balance

Date Description Debit Credit Debit Credit

2019

Dec. 1 114,000 114,000

31 Closing 30,500 144,500

31 Closing 10,500 134,100

Enter the following amounts

1. Total revenue for the period is

2. Total expenses for the period are

Net income for the period is

4. Owner's withdrawals for the period are

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