After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $312,600 and a credit of $480,150. At the same date, Sue Alewine, Capital has a credit balance of $142,350, and Sue Alewine, Drawing has a balance of $25,000.

(a) Journalize the entries required to complete the closing of the accounts.

(b) Determine the amount of Sue Alewine, Capital at the end of the period.