The income statement for the year 2021 of Grouper Co. contains the following information: Revenues $71000 Expenses: Salaries and Wages Expense $43500 Rent Expense 12500 Advertising Expense 10400 Supplies Expense 5800 Utilities Expense 2500 Insurance Expense 1800 Total expenses Net income (loss) The entry to close the expense accounts includes a Odebit to Income Summary for $5500. O credit to Income Summary for $5500. Odebit to Income Summary for $76500. debit to Utilities Expense for $2500. 76500 $ (5500)