Preparing closing entries from an adjusted trial balance

The adjusted trial balance of Silver Sign Company follows:

Silver Sign Company Adjusted Trial balance January 31, 2014

	Balance
Account Title	Debit	Credit
Cash	$14,300
Office supplies	2,400
Prepaid rent	1,400
Equipment	45,000
Accumulated depreciationequipment		$6,100
Accounts payable		4,500
Salaries payable		300
Unearned revenue		4,500
Notes payable (long-term)		5,300
Common stock		32,600
Dividends	800
Service revenue		16,800
Salaries expense	3,600
Rent expense	1,400
Depreciation expenseequipment	400
Supplies expense	200
Utilities expense	600
Total	$70,100	$70,100

Requirements

Assume Silver Sign Company has a January 31 year end. Journalize Silvers closing entries at January 31.

How much net income or net loss did Silver earn for the year ended January 31? How can you tell?