1. The _____is/are transferred from the income statement to the statement of own

1. The _____is/are transferred from the income statement to the statement of owners equity.a. ending capitalb. withdrawalsc. net incomed. beginning capital2. Revenues total $10200 expenses total $7300 and the owners withdrawals account has a balance of $2600. What is the balance in the income summary account prior to closing net income or net loss?a. $2900 debitb. $300 debitc. $2900 creditd. $300 credit3. Revenues total $10200 expenses total $7300 and the owners withdrawals account has a balance of $2600. What is the balance in the income summary account after all closing entries are completed?a. $2600 creditb. $2900 debitc. $2900 creditd. $ -0-4. The balance in the Accumulated Depreciation account must be: a. $8050b. $10200c. $65250d. impossible to determine with this data