The income statement for the year 2018 of Kingbird Co. contains the following information: Revenues $68900 Expenses: Salaries and Wages Expense $46700 Rent Expense 12600 Advertising Expense 10500 Supplies Expense 5500 Utilities Expense 2500 Insurance Expense 2200 Total expenses 80000 Net income (loss) The entry to close the expense accounts includes a O credit to Income Summary for $11100. O debit to Income Summary for $11100. O debit to Utilities Expense for $2500. O debit to Income Summary for $80000. (11100)