A company had service revenue of $266,000, rent expense of $11,600, utility expense of $5,100, salary expense of $20,100, depreciation expense of $10,600, advertising expense of $4,660, dividends in the amount of $19,600, and a beginning balance in retained earnings of $19,500. What is the balance in the income summary account before it is closed for the period?
a. 52,060
b. 233,440
c.266,000
d.213,940
e. 246,500