The following closing entries were prepared for Apex Architectural Designs regarding its year just ended June 30, 2014:

Required
1. Prepare an income statement based on the information provided.
2. Calculate the post-closing balance in the capital account at June 30, 2014, given that the adjusted balance on June 30, 2013, was $86,000.

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2014 June 30 Diq 136,000 136,000 To close the revenue account 30 Income Summary.. 75,200 1,750 950 1,200 350 2,150 1,600 2,700 64,500 Depreciation Expense, Office Equipment.. Depreciation Expense, Office Furniture.. Interest Expense Telephone Expense.. .... To close expense accounts. June 30 Income Summa 60,800 60,800 Noel Apex, Capita. To close Income Summary to capital 35,000 35,000 To close withdrawals to capital