Coldpler 11 NUMEWUIK Pallue) Your grade has been recorded in the Gradeboak. Tue, Apr 26, 2020, 9:40:27 PM (America/Chicago -05:00 Question 8 View Policies Current Attempt in Progress At the end of its first year of operation, Skysong Corporation has $900,000 of common stock and net income of $247,000. Prepare the closing entry for net income. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit