Revenues Total $20,200, Expenses Total $17,300, and the Owner's Withdrawals

Multiple Choice

Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $2,600. What is the balance in the income summary account after all closing entries are completed?

A) $2,600 credit
B) $2,900 debit
C) $2,900 credit
D) $0