After all of the account, balances have been extended to the income statement columns of the worksheet, the totals of the debit and credit columns are $172,300 and $176,900, respectively. It can be concluded the company has a:

A) net loss of $14,600

B) net income of $4,600

C) net income of $176,900

D) net loss of $176,900

Answer rating: 100% (QA)

Catlectoption isB net income of 4600 Explanation Gven Cl... View the full answer