After all income and expenses accounts of the Golden Five company are closed at the end of the year, the expense and income summary has a debit balance of $ 125,000 and a credit balance of $ 190,000. The capital account has a credit balance of $ 72,000, where as the drawing account has a debit balance of $ 12,000. Journalize the closing entries are ....

A. Income summary                             $ 65,000                              -

                             Capital                        $ 12,000                              -

    Capital                                                          -                              $ 65,000

                             Drawing                               -                              $ 12,000

B. Capital                                                 $ 65,000                              -

                             Income summary               -                               $ 65,000

    Capital                                                  $ 60,000                              -

                             Drawing                                -                              $ 60,000

C. Income summary                              $ 125,000                              -

                             Drawing                                 -                              $ 12,000

                             Capital                                   -                              $ 113,000

D. Income summary                              $ 65,000                              -

                             Capital                         $ 60,000                              -

     Capital                                                           -                              $ 65,000

                              Drawing                               -                               $ 60,000

E. Income summary                              $ 65,000                                -

                             Drawing                              -                              $ 12,000

                             Capital                                -                               $ 53,000