ew Policies arrent Attempt in Progress The income statement for the year 2018 of Nash Co. contains the following information: $69300 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net Income (loss) $46000 12400 9600 5500 2700 1900 78100 $(8800) The entry to close Income Summary to Retained Earnings includes credits to Expenses totalling $78100, a credit to Retained Earnings for $8800. a credit to Income Summary for $8800 a debit to Revenue for $69300