33 Not yet answered The income statement for the year 2016 of Bugati Co. contains the following information: $73,000 Revenues Expenses: Marked out of 1.00 Salaries and Wages Expense Flag question Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) $43,000 12,000 11,000 6,000 3,500 4,000 79,500 $(6,500) After the revenue and expense accounts have been closed, the balance in Income Summary will be Windows Select one: a. a debit balance of $6,500 b. a credit balance of $6,500. c. $0. d. a credit balance of $73,000