Rogers Corporation had the following information: Revenues $5,500,000 Expenses $1,500,000 Dividends $500,000 Which of the following debit or credit would be included in the closing entries? O Debit to Income Summary for $500,000 O Debit to Income Summary for $5,500,000 O Debit to Retained Earnings for $500,000 O Credit to Income Summary for $1,500,000

Rogers Corporation had the following information: Which of the following debit or credit would be included in the closing entries? Debit to Income Summary for $500,000 Debit to Income Summary for $5,500,000 Debit to Retained Earnings for $500,000 Credit to Income Summary for $1,500,000