Big Freeze Company had revenues of $200,000, expenses of $120,000, and dividends paid of $30,000. When the Income Summary account is closed to Retained Earnings at the end of the period, what entry should be made? A Debit Credit Retained Earnings 50,000 Income Summary 50,000 B. Debit Credit Retained Earnings 80,000 Income Summary 80,000 C. Debit Credit Income Summary 80,000 Retained Earnings 80,000 D. Debit Credit Income Summary 50,000 Retained Earnings 50,000