Business Reduction Systems uses a perpetual inventory system. The adjusted trial balance of Business Reduction Systems at March 31, 2016, follows: EEB (Click the icon to view the adjusted trial balance.) Requirements 1. Joumalize the required closing entries at March 31, 2016. 2. The following T-accounts have been set up: Income Summary; Boxer, Capital; and Boxer, Withdrawals. Post the closing entries to the T-accounts, and calculate their ending balances. 3. How much was Business Reduction's net income or net loss