Activity 4.a - Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income Statement and Balance Sheet columns. Unadjusted Trial Adjustments Balance Account Debit Credit Debit Credit Debit Names Total 54,700 54,700 6,800 6,800 45,900 Total Unadjusted Trial Adjustments Balance Account Names Debit Credit Debit Credit Debit Total 55,400 55,400 6,300 6,300 45,300 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Credit Net Income 45.900 SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Net Loss Credit 45,300 Debit Debit Income Statement 12,300 Income Statement 33,100 33100 Credit Credit 16,000 16000 29,500 Debit Debit Balance Sheet 33,600 Balance Sheet 12,200 Credit Credit 29,900 15,800 15800