The income statement for the month of June, 2020 of Whispering Inc. contains the following information: Revenues$7130Expenses:Salaries and Wages Expense$2910Rent Expense1490Advertising Expense750Supplies Expense280Insurance Expense110Total expenses5540Net

The income statement for the month of June, 2020 of Whispering Inc. contains the following information:

Revenues $7130Expenses:           Salaries and Wages Expense$2910          Rent Expense1490          Advertising Expense750          Supplies Expense280          Insurance Expense110                   Total expenses 5540Net income $1590

After the revenue and expense accounts have been closed, the balance in Income Summary will be