Accountants at Warner Co. use worksheets similar to the one shown in Exhibit 5–13, on page 209. In the company’s most current year-end worksheet, the amounts transferred from the adjusted trial balance columns to the balance sheet and income statement columns are as follows:

a. What was the company’s net income for the year? 

b. What was the total amount transferred from the adjusted trial balance columns to the debit column of the income statement?

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Total amount transferred to the credit column of the balance sheet. :-...- Total amount transferred to the debit column of the balance sheet Total amount transferred to the credit column of the income statement.····.. $410,000 540,000 380,000