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1 The following information is available for the Higgins Travel Agency After closing entries are posted, what will be the balance in the C. Higgins, Capital account? Net Income C. Miggins, Capital c. Higgins, withdrawals $ 47,500 132,500 14,000 Multiple Choice 8 00:33:22 $132.500 $194,000 $99,000 $166,000 $71000 At the beginning of the year, a company's balance sheet reported the following balances: Total Assets = $185,000, Total Labines = $84,000; and Owner's Capital - $101000. During the year, the company reported revenues of $51,400 and expenses of 533,600. In addition, owner's withdrawals for the year totaled $22,400. Assuming no other changes to owner's capital, the balance in the owner's capital account at the end of the year would be Mit Chalce 8 00:57:17 Multiple Choice ols O $141,200 O $105,600 O $4,600 O $96,400 $73,800