The following information is from the Income Statement of the Bonita Laundry Service: Revenues Service Revenues $5460 Expenses Salaries and wages expense $ 2060 Advertising expense 420 Rent expense 250 Supplies expense 170 Insurance expense 80 Total expenses 2980 Net income $2480 The entry to close the Income Summary includes a: credit to Income Summary for $2480. debit to Retained Earnings for $2480. debit to Income Summary for $2480. credit to Common Shares for $248.