The following information is from the Income Statement of the Concord Laundry Service:

Revenues
Service Revenues			$5200
Expenses
Salaries and wages expense	$ 1960
Advertising expense	400
Rent expense	240
Supplies expense	160
Insurance expense	80
Total expenses			2840
Net income			$2360

The entry to close Income Summary includes a:

credit to Income Summary for $2360.

debit to Income Summary for $2360.

debit to Retained Earnings for $2360.

credit to Common Stock for $2360