Current Attempt in Progress The income statement for the year 2021 of Fugazi Co. contains the following information: Revenues $70000 Expenses: Salaries and Wages Expense $45000 Rent Expense 12000 Advertising Expense 10000 Supplies Expense 6000 Utilities Expense 2500 Insurance Expense 2000 Total expenses 77500 Net income (loss) $ (7500) The entry to close the revenue account includes a O debit to Income Summary for $7500. O credit to Income Summary for $7500. O debit to Revenues for $70000. O credit to Revenues for $70000.