answer was not $0

The income statement for the year 2020 of Bridgeport Co. contains the following information: Revenues $71700 $46000 11400 Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Utilities Expense Insurance Expense 10300 6200 2800 2000 Total expenses 78700 Net income (loss) $ (7000) After the revenue and expense accounts have been closed, the balance in Income Summary will be O $0. O a debit balance of $7000. O a credit balance of $7000. O a credit balance of $71700