1) The income statement for the month of June, 2020 of Snap Shot, Inc. contains the following information: Revenues $7,300 Expenses: Salaries and Wages Expense $3,000 Rent Expense 1,300 Advertising Expense 700 Supplies Expense 200 Insurance Expense 100 Total expenses 5.300 Net income $2.000 Drwaings for the year were $500 The balance in Income Summary before closing it is a. $2,000 credit balance b. $2,000 debit balance c. $1,500 credit balance d) $1,500 debit balance