The Income Summary Account Has an $8,000 Credit Balance Prior

Multiple Choice

The Income Summary account has an $8,000 credit balance prior to being closed to the owner's Capital account. The owner's Capital account had a $32,000 beginning balance and a $36,500 ending balance. Determine the amount of the owner's drawing during the current period.

A) $8,500
B) $3,500
C) $2,500
D) $4,500
E) $8,000