I need only part B

Current Attempt in Progress At the end of its first year of operation, Novak Corp, has $1,300,000 of common stock and net income of $243,000. (a) Your answer has been saved. See score details after the due date. Prepare the closing entry for net income. (Credit account titles are automatically 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 Income Surtmary 243.000 243.000 Retained Earning e Textbook and Media List of Accounts Attomats: 1 of 1 used (b) Prepare the stockholders' equity section at year-end. Novak Corp. Balance Sheet (partial) $ Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Paid-in Capital Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Attempts: 0 of 1 used Submit Answer de me rode UT