The income statement for the year 2020 of Blossom Co. contains the following informat Revenues $70900 Expenses: Salaries and Wages Expense $45400 Rent Expense 12500 Advertising Expense 10100 Supplies Expense 6300 Utilities Expense 2300 Insurance Expense 2000 Total expenses 78600 Net income (loss) $(7700) The entry to close the expense accounts includes a