Which of the following accounts has a normal credit balance? Select one: 0 a. Freight-In 0 b. Purchases O c. Sales Returns and Allowances d. Purchase Discounts The income statement for the month of June, 2016 of Snap Shot, Inc. contains the following information: Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense $7,300 $3,000 1,300 700 200 100 5,300 $2,000 Total expenses Net income After the revenue and expense accounts have been closed, the balance in Income Summary will be Select one: a. a debit balance of $2,000. b. a debit balance of $7,300. c. a credit balance of $2,000. d. a credit balance of $7,300