The income statement for the year 2016 of Bugati Co. contains the following information: Revenues $73,000 Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) The entry to close the expense accounts includes a Select one: 0 a. debit to Income Summary for $79,500. b. debit to Income Summary for $6,500. c. credit to Income Summary for $6,500. d. debit to Utilities Expense for $3,500. $43,000 12,000 11,000 6,000 3,500 4,000 79,500 $ (6,500)