n33 The income statement for the year 2016 of Bugati Co. contains the following information: Revenues d Expenses: out of Salaries and Wages Expense Rent Expense question, Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) $73,000 $43,000 12,000 11,000 6,000 3,500 4,000 79,500 $ (6,500) After the revenue and expense accounts have been closed, the balance in Income Summary will be Select one: a. $0. b. a credit balance of $6,500. c. a debit balance of $6,500 0 d. a credit balance of $73,000