Wilson Company had the following adjustedtrial balance: Account Titles Debit Credit Cash $27,220 Accounts Receivable 17,980 Supplies 7,900 Equipment 41,200 Accumulated Depreciation $8,800 Accounts Payable 4,320 Unearned Rent Revenue 1,960 Capital 61,020 Drawing 16,300 Commission Revenue 47,600 Rent Revenue 5,500 Depreciation Expense 5,500 Utilities Expense 8,100 Supplies Expense 5,000 Total $129,200 $129,200 The president of Wilson Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions:

What is the balance in theCapitalaccount? $ During the closing process, what amount was transferred from theincome summaryaccount to the Capital account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)? What is the balance in thedrawingaccount?

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