The following closing entries were prepared for Greenway Gardening Services regarding the year ended October 31, 2014:

Required
1. Prepare an income statement based on the information provided.
2. Calculate the post-closing balance in the capital account at October 31, 2014, given that the adjusted balance on October 31, 2013, was $76,000.

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2014 Oct. 31 136,000 136,000 To close the revenue account 31 Depreciation Expense 9,950 10,600 6,900 340 24,800 1,700 1,800 9,200 112,000 uipment... Depreciation Expense, Vehicles.. Insurance Expen. Interest Expense Supplies Expens. Utilities Expense Fuel Expense To close expense accounts. Oct. 31 Grant Greenway, Capital 41,290 41,290 To close the Income Summary to capital 31 Grant Greenway, Capita... 10,000 Grant Greenway, Withdrawals... 10,000 To close withdrawals to capital