Question 1 At the end of its first year of operation, Blossom Company has $1,330,00D of common stock and net income of $218,D00 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 tities and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Prepare the stockholders' equity section at year-end Blossom Company Balance Sheet (partial) Click if you would like to Show Work for this question: Open Show Work