w Policies rrent Attempt in Progress The income statement for the year 2018 of Blue Co. contains the following information: $70000 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense Total expenses Net income (loss) $43200 11700 9900 5500 2600 2200 75100 (5100) The entry to close Income Summary to Retained Earnings includes a debit to Revenue for $70000. a credit to Income Summary for $5100. O a credit to Retained Earnings for $5100, credits to Expenses totalling $75100, Attempts: 0 of 1 used Submit Answer Save for Later