End of year records for a business show: Sales $50000 Cost of sales $20000 Selling expenses $4000

Revenue received in advance $7000 Depreciation expense $8025 Discount received $2500 Discount allowed $2800 Rent revenue $6500 Selling expenses $ 42.

During the closing process the total credit to the Income Summary account would be: Select one:

a. $59,000

b. $66,000

c. $36,500

d. $39,000

e. $50,000