The income statement for the year 2020 of Poole Co. contains the following information: Revenues Expenses $150,000 Salaries and Wages Expense 390,000 Rent Expense 32,000 Advertising Expense 12,000 Supplies Expense 12,000 Utilities Expense 5,000 Insurance Expense 4,000 Total expenses 155,000 Net income (loss) $_(5,000) A The entry to close the expense accounts includes a C. debit to Income Summary for $155,000. d debit to Salaries and Wages Expense for $90,000. B. C b. credit to Income Summary for $5,000 D a. debit to Income Summary for $5,000