Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December $31,$ Year $1$:

Novelty Toys, Incorporated

Adjusted Trial Balance

December $31,$ Year $1$

Debit Credit

Cash $ $15,150$

Accounts Receivable $12,575$

Office Equipment $21,800$

Accumulated Depreciation $ $5,650$

Accounts Payable $7,575$

Capital Stock $22,150$

Retained Earnings $-0-$

Dividends $7,150$

Fees Earned $43,750$

Salaries Expense $15,300$

Advertising Expense $3,075$

Depreciation Expense $4,075$

Totals $ $79,125$ $ $79,125$

The Income Summary will have what balance before it is closed?

Select one:

a$.$ Zero.

b$.$ $$21,300.$

c$.$ $$21,850.$

d$.$ $$22,100.$