The worksheet for Ajeeb Company shows the following in the financial statement columns.

The worksheet for Ajeeb Company shows the following in the financial statement columns. Owner's Drawings Owner's Capital Net Income $22.000 70,000 41,000 Prepare the closing entries at December 31 that affect Owner's Capital. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 (To close net income / (loss)) Dec. 31 (To close drawings)