Edwards Comporation operates hait salons under various brand names. The following is a simplified list of accounts and amounts (in millions) reported in the company's accounts for the year ended June 30, 2019. 2. Prepare the closing entry required at June 30, 2019. TIP: The company reported a net loss of $110 in 2019 , so the closing entry will need to debit (not credit) Retained Earnings for that amount. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). If no entry is required for a transaction/event, select "No Journal Entry Required" in the first occount field.)