Woods, Inc. earned revenues of $ 19 comma 000$19,000 and incurred expenses of $ 8 comma 000$8,000. The company declared and paid cash dividends of $ 3 comma 500$3,500. What is the balance in the Income Summary account after closing net income or loss to the Retained Earnings account?

A. credit balance of $ 8 comma 000$8,000

B. balance of $0

C. credit balance of $ 11 comma 000$11,000

D. debit balance of $ 19 comma 000