Woods, Inc. earned revenues of $17,000 and incurred expenses of $7,000. The company declared and paid cash dividends of $3,000. What is the balance in the Income Summary account after closing net income or loss to the Retained Earnings account? A. credit balance of $7,000 B. debit balance of $17,000 C. balance of $0 OD. credit balance of $10,000 Click to select your answer.