7 of 29 < The income statement for the year 2uzter coronoaoca.cnntams the tonowing information Revenues $73000 Expenses Salaries and Wages Expense $45000 Rent Expense 12500 Advertising Expense 10000 Supplies Expense 6100 Utilities Expense 2400 Insurance Expense 1800 Total expenses 778001 Net income (loss) $(4800) The entry to close the expense accounts includes a O debit to Income Summary for $77800 O debit to Utilities Experne for $2400 O credit to Income Summary for $4800 O debit to Income Summary for $4800 0 C C B 13 A www