At the End of the Accounting Period,but Before Closing Entries

Multiple Choice

At the end of the accounting period,but before closing entries are made,Harry,the proprietor of Harry's Bar and Grill,has a debit balance of $24,500 in his drawing account and a credit balance of $72,300 in his capital account.Which of the following statements is true?

A) Harry's net income was $47,800.
B) In closing,Harry will debit the drawing account for $24,500 and credit the capital account for $24,500.
C) In closing,Harry will debit the capital account for $24,500 and credit the drawing account for $24,500.
D) Harry's retained earnings account was $47,800.