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19. The income statement for the year 2019 of Golden Company contains the following information: Revenues .$ 150,000 ........ 42,000 Expenses: Wages Expense .$75,000 Rent

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19. The income statement for the year 2019 of Golden Company contains the following information: Revenues .$ 150,000 ........ 42,000 Expenses: Wages Expense .$75,000 Rent Expense..... Advertising Expense........ 9,000 Supplies Expense..... ..20,000 Utilities Expense .6,500 Insurance Expense .........8,000 Total expenses.... 160,500 Net income (loss).............. $(10,500) After all closing entries have been posted, the Income Summary account will have a balance of * (2 points) $10.500 debit. $10.500 credit. SO. $150,000 credit

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