E5-22: ournalizing closing entries The adjusted trial balance of Business Reduction systems at March 31, 2016, is attached. Requirements 1. Journalize the required closing entries at March 31, 2016. 2. set up T-accounts for Income Summary: Boxer, capita; 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