The Retalned earnings account has a credit balance of $56,000 before closing entrles are made. Total revenues for the period are $74,200, total expenses are $49,300, and dividends are $16,600. What is the correct closing entry for the expense accounts? Multiple Choice Debit Income Summary $49,300; credit Expense accounts $49,300. Debit Expense accounts $56,000; credit Retained earnings $56,000. Debit Income Summary $49,300; credit Retained earnings $49,300. Debit Expense accounts $49,300; credit Income Summary $49,300. Debit Dividends account $49,300; credit Expense accounts $49,300