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Question 1 The income statement for the month of June, 2018 of Indigo Enterprises contains the following information: Revenues Expenses: $7080 Salaries and Wages Expense

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Question 1 The income statement for the month of June, 2018 of Indigo Enterprises contains the following information: Revenues Expenses: $7080 Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense $3010 1520 720 270 90 Total expenses 5610 $1470 Net income The entry to close Income Summary to Retained Earnings Includes Oa credit to Income Summary for $1470 O a debit to Revenues for $7080 ?credits to Expenses totaling $5610. O a credit to Retained Earnings for $1470. Click If you would like to Show Work for this question: Open Show Work

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