The income statement for the month of June, 2016 of Cheyenne Inc. contains the following information. Revenues Expenses: Expense $6770 Salaries and Wages $3010 Rent Expense Advertising Expense Supplies Expense Insurance Expense 1460 760 310 100 -5640 $1130 Total expenses Net income After the revenue and expense accounts have been closed, the balance in Income Summary will be a debit balance of $1130. a credit balance of $1130. a debit balance of $6770. a credit balance of $6770