Interpret the following income summary account (Revenues and expenses are reported). Which of the following statement is true? Income Summary $130,000 $150,000 To close, net loss of $20,000 should be reported on the left side of the Income Summary T-account To close, net loss of $18,000 should be reported on the right side of the Income Summary T-account o To close, net income of $20,000 should be reported on the left side of the Income Summary T-account To close, net income of $18,000 should be reported on the right side of the Income Summary T-account