20. The income statement for the year 2019 of Golden Company contains the following information: Revenues ..$150,000 Expenses: Wages Expense ..$75,000 Rent Expense......... 42,000 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) * The entry to close the expense accounts includes a 12 Points)