Im not sure if this is correct, help,

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Closing Entries with Net Income After all revenue and expense accounts have been closed at the end of the fiscal year, Income Summary has a debit of $180,900 and a credit of $242,400. At the same date, Retained Earnings has a credit balance of $280,000, and Dividends has a balance of $23,500. a. Journalize the entries required to (1) close net income or net loss and (2) close the Dividends account. . Retalned Earnings 23,500 Dividends 23,500 2. Income Summary Retained Earnings b. Determine the amount of Retained Earnings at the end of the period