Required information [The following information applies to the questions displayed below.] Regis Corporation operates hair salons under various brand names including Supercuts, Magicuts, and Style America. The following is a simplified list of accounts and amounts (in millions) reported in the company's accounts for the year ended June 30,2019. 2. Prepare the closing entry required at June 30,2019 . TIP: The company reported a net loss of $14 in 2019 , so the closing entry will need to debit (not credit) Retained Earnings for that amount. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10). If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)