Multiple Choice Question 78 The income statement for the month of June, 2020 of Sheridan, Inc. contains the following information: $6740 $2900 1530 Revenues Expenses: Salaries and Wages Expense Rent Expense Advertising Expense Supplies Expense Insurance Expense Total expenses Net income 740 270 110 5550 $1190 The entry to close Income Summary to Owner's, Capital includes credits to Expenses totalling $5550. a credit to Owner's Capital for $1190. a credit to Income Summary for $1190. a debit to Revenues for $6740