how do I close the retained earnings?

Entries for Selected Corporate Transactions Nav-Go Enterprises Inc. produces aeronautical navigation equipment. Nav-Go Enterprises stockholders equity accounts, with balances on January 1, 2011, are as follow Common Stock, $10 stated value (500,000 shares authorized, 340,000 shares issued) Paid-In Capital in Excess of Stated Value-Common Stock $3,400,000 650,000 Retained Earnings 7,720,000 Treasury Stock (34,000 shares, at cost) 510,000 The following selected transactions occurred during the year Jan. 15. Paid cash dividends of $0.13 per share on the common stock. The dividend had been properly recorded when dedared on December 1 of the preceding fiscal year for $39,780. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 65,000 shares of common stock for $1,040,000. June 14. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 21,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.16-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Earnings. Required: 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the Taccounts and provide the December 31 ball where appropriate. If required, round to one decimal place. Previd WILL UPPL. PULU UCUCdi piace Common Stock Jan. 1 Bal. Apr. 13 July 16 3,400,000 650,000 162,000 Dec. 31 Bal. 4,212,000 Paid-In Capital in Excess of Stated Value Common Stock Jan. 1 Bal. 650,000 Apr. 13 390,000 June 14 129,600 V Dec. 31 Bal. 1,169,600 Dec. 31 Retained Earnings 355,632 Jan. 1 Bal. Dec. 31 7,720,000 355,632 X 355,632 X Dec. 31 Bal. Date Account Debit Dec. 30 Cash Dividends Credit 64,032 Cash Dividends Payable 64,032 Dec. 31. Closed the two dividends accounts to Retained Earnings. Date Debit Credit Account Retained Earnings Dec. 31 355,632 Stock Dividends 291,600 Cash Dividends 64,032 3. Prepare a statement of stockholders' equity for the year ended December 31, 2011. Assume that net income was $8,029,000 for which you must enter subtracted or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank or