The income statement for the month of June of Camera Obscura Enterprises contains the following information:

Revenues.....$7,000

Expenses:

Salaries and Wages Expense...$3,000

Rent Expense............................. 1,000

Advertising Expense................. 800

Supplies Expense..................... 300

Insurance Expense ............... 100

Total expenses............................ 5,200

Net income..................................$1,800

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

$0

A debit balance of $1800

A credit balance of $1800

A credit balance of $7000