The income statement for the year $2019$ of Nova Co$.$ contains the following information:

Revenues $$70,000$

Expenses:

Wages Expense $$45,000$

Rent Expense $12,000$

Advertising Expense $6,000$

Supplies Expense $6,000$

Utilities Expense $2,500$

Insurance Expense $2,{000}_{?}$

Total expenses ${73}_{,}{500}_{?}$

Net income $($loss$)$ $$(3,500)$

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

$$0.$

A Debit balance of $$3,500.$

A Credit balance of $$3,500$

A Credit balance of $$70,000.$