Question 26 of 31 View Policies Current Attempt in Progress The income statement for the year 2021 of Sandhill Co. contains the following information: $68900 $46700 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) 12600 10500 5500 2500 2200 80000 $(11100) The entry to close Income Summary to Retained Earnings includes a credit to Income Summary for $11100 a credit to Retained Earnings for $11100 credits to Expenses totalling $80000 a debit to Revenue for $68900. Save for Later Attempts: 0 of 1 used Submit Ans