The following is the Bravo Unlimited adjusted Trail Balance.

Bravo Unlimited
Adjusted Trial Balance
December 31, 2016
Account Title	Debit	Credit
Cash	$88,450
Accounts Receivable	333,700
Supplies	15,255
Prepaid Rent	9,000
Equipment	295,285
Accumulated Depreciation		$235,760
Accounts Payable		73,555
Wages Payable		12,000
Capital Stock		220,000
Retained Earnings		111,145
Service Revenue		902,105
Interest Income		1,500
Rent Expense	63,500
Wages Expense	539,260
Supplies Expense	42,520
Depreciation Expense	164,095
Dividends	5,000	_________
Totals	$1,556,065	$1,556,065

Prepare the general journal entry (without explanation) needed to close Net Income or Net Loss for the year end. Use compound entries where required. If no entry is required then write "No Entry Required."