Jackson Services, Inc

Jackson Services, Inc. earned revenues of $109,000, incurred expenses of $110,000, and paid dividends of $5,000. Which of the following statements is correct?

A) A debit is needed to zero out the balance of the Income Summary account.
B) Retained Earnings will decrease $6,000.
C) Jackson has incurred a net loss of $4,000.
D) When compared to a business that earned net income, the only closing entry that differs is the one to close dividends.