46. The income statement for the year 2017 o Williams Co. contains the following information: Revenues Expenses: $85,000 Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense $45,000 12,000 8,000 5,000 1,500 3,000 Total expenses 74500 $10,500 Net income (loss) After all closing entries have been posted, the expense accounts will have a balance of a. $0. b. $85,000 credit. c. $85,000 debit. d. $10,500 credit