View Policies Current Attempt in Progress At the end of its first year of operation, Tamarisk, Inc. hars \$1,190,000 of common stock and net income of $234,000. (a) Prepare the closingentry for net income. (Credit occount titles are automaticelly inderted when amount is entered. Do not indent marually of no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts 5bet for later Attemptes unlimited Submit Answer (b) Prepare the stockholders' equity section at year-end. Tamarisk, Inc. Balance Shect (partial)