Jackson Services, Inc. earned revenues of $ 103,000, incurred expenses of $110,000, and paid dividends of $8,000. Which of the following statements is correct?

A. Jackson has incurred a net loss of $ 1,000.

B. A debit is needed to zero out the balance of the Income Summary account.

C. Retained Earnings will decrease $ 15,000.

D. When compared to a business that earned net income, the only closing entry that differs is the one to close dividends.