Exercise $4-5($Static$)$ Computing income summary and ending capital balance from closing entries LO P$2$

Capri Company began the current period with a $$20,000$ credit balance in the K$.$ Capri, Capital account. At the end of the period, the company$$s adjusted account balances include the following temporary accounts with normal balances.

Services revenue $ $70,000$ Interest revenue $ $7,000$

Salaries expense $38,000$ K$.$ Capri, Withdrawals $12,000$

Depreciation expense $8,000$ Utilities expense $4,600$