In the Income Statement columns of the end-of-period spreadsheet (work sheet) for Hayward Consulting Co. for the

Question:

In the Income Statement columns of the end-of-period spreadsheet (work sheet) for Hayward Consulting Co. for the current year, the Debit column total is $556,400 and the Credit column total is $792,600 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?