After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns are $37,875 and $32,735, respectively. What is the amount of net income or net loss for the period?
a. $5,140 net income
b. $37,875 net loss
c. $5,140 net loss
d. $32,735 net income
a
Business
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