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  3. the income statement columns in the end-of-period

The Income Statement columns in the end-of-period spreadsheet show that debits total $28,143 and credits...

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Accounting

The Income Statement columns in the end-of-period spreadsheet show that debits total $28,143 and credits total $62,042. What does this information mean to the accountant?

a. The accounts have not been updated.

b. The accounts are out of balance, indicating that an error has been made.

c. There is a net income of $33,899.

d. There is a net loss of $33,899.

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