Use the following account balances from the adjusted trial balance of Gees Catering 
Select the correct closing entry that Gees Catering would make to close their Income Summary account at the end of the accounting period.
Definitions:
Competent Manager
An individual who possesses the necessary skills, knowledge, and experience to effectively direct and control business operations.
Previous Business Success
The accomplishments and positive outcomes achieved by a business in its past operations, often used to gauge potential for future success.
Capital
Financial assets or resources that individuals or companies use to fund their operations and invest in their businesses.
Equity Financing
A method of raising capital through the sale of shares in a company, thereby giving investors ownership interests.
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