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The income statement for the month of June, 2014 of Taylor Enterprises contains the following information

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The income statement for the month of June, 2014 of Taylor Enterprises contains the following information. Revenues £8,000. Expenses. Salaries and Wages Expense £2,000. Rent Expense 1,500. Supplies Expense 300. Advertising Expense 200. Insurance Expense 100. Total expenses (4,100). Net income $3,900. After the revenue and expense accounts have been closed, the balance in Income Summary will be. a credit balance of £8,000. a debit balance of £3,900. O £0. O a credit balance of £3,900.