The income statement for the year 2020 of Sheridan Co. contains the following information Revenues $71700 Expenses: Salaries and Wages Expense Rent Expense $46000 11400 Advertising Expense 10300 Supplies Expense 6200 Utilities Expense 2800 Insurance Expense 2000 78700 Total expenses $17000) Net income (loss) The entry to close the expense accounts includes a O debit to Utilities Expense for $2800. O debit to Income Summary for $7000 O credit to Income Summary for $7000. O debit to Income Summary for $78700