CALCULATOR FULL SCREEN PRINTER VERSION BACK At the end of its first year of operation, Bridgeport Corporation has $1,115,000 of common stock and net income of $223,000. NEX Prepare the closing entry for net income. (Credit account titles are automatically indented when amount is entered, Do not indent manually.) Account Tities and Explanation Debut Credit Prepare the stockholders' equity section at year-end. BRIDGEPORT CORPORATION Balance Sheet (partial)