Question: In the Balance Sheet columns of the end of period spreadsheet work sheet
In the Balance Sheet columns of the end-of-period spreadsheet (work sheet) for FreeLance Consulting Co. for the current year, the Debit column total is $247,690 and the Credit column total is $278,100 before the amount for net income or net loss has been included. In preparing the income statement from the end-of-period spreadsheet (work sheet), what is the amount of net income or net loss?
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