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Capri Company began the current period with a $28.000 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. Service fees earned Salaries expense Depreciation expense $92,600 Interest revenue 38,580 K. Capri, Withdrawals 10,209 Utilities expense $ 8,400 12,500 4,890 1. After closing the revenue and expense accounts, what will be the balance of the Income Summary account? Step 1: Close Revenues to Income Summary Debit Credit Depreciation expense Income Summary 10.200 Interest revenue Debit Credit Step 2: Close Expenses to Income Summary Depreciation expense Income Summary Interest revenue K Capri, Capital 9.200 38,500 Income Summary 0 2. After all closing entries are journalized and posted, what will be the balance of the K. Capri, Capital account? Step 3: Close Income Summary to Capital Credit Income Summary 4,500 Service fees earned 12,500 Debit Step 4: Close Withdrawals to Capital Salaries expense Service fees earned 2,000 5,505 K. Capri, Capital 28,000 Beginning balance 0