COUVITY 01 20 The income statement for the year 2018 of Wildhorse Co. contains the following information: Revenues $69300 Expenses: Salaries and Wages Expense $46000 Rent Expense 12400) Advertising Expense 9600 Supplies Expense 5500 Utilities Expense 2700 Insurance Expense 1900 78100 Total expenses Net income (loss) (8800) The entry to close the expense accounts includes a O debit to Income Summary for $78100. O credit to Income Summary for $8800. debit to Utilities Expense for $2700. Odebit to Income Summary for $8800