Dams Company had the following adjusted trial balance:

Account Titles Debit Credit Cash $29,280 Accounts Receivable 15,820 Supplies 7,970 Equipment 41,100 Accumulated Depreciation $8,100 Accounts Payable 3,110 Unearned Rent Revenue 2,200 Capital 63,960 Drawing 14,600 Commission Revenue 46,600 Rent Revenue 6,900 Depreciation Expense 5,800 Utilities Expense 10,900 Supplies Expense 5,400 Total $130,870 $130,870

The president of Adams Company has asked you to close the books (prepare and process the closing entries).

Required:

After the closing process has been completed, answer the following questions:

What is the balance in the Capital account? $ During the closing process, what amount was transferred from the income summary account to the Capital account in the third closing entry (i.e., after revenue and expense accounts have been closed to Income Summary)? What is the balance in the drawing account?