Your answer is incorrect. The income statement for the year 2018 of Waterway Co. contains the following information: Revenues Expenses: $71000 Salaries and Wages Expense $45400 Rent Expense 11400 Advertising Expense 10200 Supplies Expense 5500 Utilities Expense 2300 Insurance Expense 1900 Total expenses 76700 Net income (loss) $ (5700) The entry to close the revenue account includes a credit to Income Summary for $5700. debit to Revenues for $71000. credit to Revenues for $71000. O debit to Income Summary for $5700.