Whitney Lang, Capital 50,700 Eli Capri, Capital 92,000 Total partners' equity 142,700 Total liabilities and partners' equity $ 154,600 3. After adjustments at March 31, 20Y2, the end of the first full year of operations, the revenues were $496,000 and expenses were $380,000, for a net income of $116,000. The drawing accounts have debit balances of $41,000 (Lang) and $35,000 (Capri). Journalize the entries to close the revenues and expenses and the drawing accounts at March 31, 20Y2. If an amount box does not require an entry, leave it blank. ACCOUNT DEBIT CREDIT Mar. 31 Mar. 31