Olsteen Company earned revenues of $61,000 and incurred expenses of $71,000. No withdrawals were taken. The owner did not make any new capita contributions during the year. The company is a sole proprietorship. Which of the following statements is correct? A. The entry to close Income Summary requires a debit to the Income Summary account. OB. The entry to close Income Summary is the same regardless of a net income or a net loss O C. Olsteen, Capital will be debited for $10,000 and Income Summary will be credited for $10,000. OD. The entries to close revenues and expenses will differ if there is a net loss. Click to select your