Complete Problem 4-6A on page 291 and Problem 4-7A on page 292 on a piece of paper and then answer the following questions.

In Step 3 of the closing entries what was the amount posted to the Capital account to close out the Income Summary account?	Answer 1Choose...$17,640$221,980 Credit$103,440 Debit$91,940 Credit$96,040 Debit$221,980 Debit$111,240$41,500$125,000$0$91,940 Debit$199,480 Debit$130,040 Credit$83,500
In Step 1 of the closing entries what was the total amount posted to the Income Summary account when closing the revenue account(s)?	Answer 2Choose...$17,640$221,980 Credit$103,440 Debit$91,940 Credit$96,040 Debit$221,980 Debit$111,240$41,500$125,000$0$91,940 Debit$199,480 Debit$130,040 Credit$83,500
What is the opening balance of the Owners' Capital account at January 1, 2020?	Answer 3Choose...$17,640$221,980 Credit$103,440 Debit$91,940 Credit$96,040 Debit$221,980 Debit$111,240$41,500$125,000$0$91,940 Debit$199,480 Debit$130,040 Credit$83,500
What is the current portion of the Long-Term Notes Payable?	Answer 4Choose...$17,640$221,980 Credit$103,440 Debit$91,940 Credit$96,040 Debit$221,980 Debit$111,240$41,500$125,000$0$91,940 Debit$199,480 Debit$130,040 Credit$83,500