The Parag Corporation's July 31 adjusted trial balance included many accounts, including the following:

Accounts Payable	$12,000		Accounts Receivable	$18,000
Cash	$14,000		Dividends	$4,000
Fees Revenue	$93,000		Income Taxes Expense	$7,000
Income Taxes Payable	$1,700		Insurance Expense	$12,500
Interest Revenue	$3,000		Prepaid Insurance	$3,300
Retained Earnings	$44,000		Supplies	$7,000
Supplies Expense	$6,000		Unearned Fees	$3,200
Wages Expense	$56,000		Wages Payable	$2,000

Determine the dollar balance in the Corporation's income summary account before it was closed to retained earnings.

	a.	$10,500
	b.	$11,500
	c.	$14,500
	d.	$17,700