At the end of its first year of operation, Teal Mountain Corporation has $1,200,000 of common stock and net income of $223,000. (a) Prepare the closing entry for net income. (Credit occount titles are outamatlcally indented when amount is entered. Do not indent manualiy. Llst debit entry before credit entry. If no entry is requiled, seiect "No Entry' for the account tities and enter 0 for the amounte) Prepare the stockholders' equity section at year-end