14 of 25 The income statement for the year 2019 of Polo Co. contains the following information: Revenues $75,000 Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses $45,000 18,000 6,000 6,000 2,500 2,000 77,500 Net income (loss) $(2,500) After the revenue and expense accounts have been closed, the balance in Income Summary will be a debit balance of $2.500 a credit balance of $2.500. a credit balance of $75.000 SO