The income statement for the year 2018 of Flint Co. contains the following information: Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) $45800 $0. a credit balance of $68400. a debit balance of $9800. a credit balance of $9800. 11800 10300 6000 2400 1900 $68400 78200 $ (9800) After the revenue and expense accounts have been closed, the balance in Income Summary will be

The income statement for the year 2018 of Flint Co. contains the following information: After the revenue and expense accounts have been closed, the balance in Income Summary will be 50. acredit balance of $68400. a debit balance of $9800. a credit balance of $9800