You have the following balances extracted from the Trial balance after adjustment of Lannister company: Retained earnings $400,0000; Prepaid insurance expense $20,000; insurance expense $5,000; utility expense $15,000; salaries and wages expense $25,000; Dividends 10,000. Thus, the closing entry for expense would include: Select one: O a. Debit income summary 45,000. b. Debit income summary 65,000. c. Debit income summary 55.000 d. Debit Retained earning 45,000