Question 39 of 44 > Current Attempt in Progress The income statement for the year 2020 of Ayayat Co contains the following information $69000 Repas Expenses Salaries and Wages Expense Pent Expense Advertising Expense Supplies Expense Utities Expense Insurance Expense Total expenses Net income loss $47200 11800 10200 5500 2300 1800 78800 $ 19800) After the revenue and expense accounts have been closed the balance in Income Summary will be a debit balance of $9800 $0 a credit balance of $9800. a credit balance of $69000 Save forlater Attempts: 0 of 1