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22. The income statement and balance sheet columns of Iron and Purple Company's worksheet reflect the following totals: Income Statement Dr. Cr. $79,000 $92,000 Balance

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22. The income statement and balance sheet columns of Iron and Purple Company's worksheet reflect the following totals: Income Statement Dr. Cr. $79,000 $92,000 Balance Sheet Dr. Cr. $75,000 $62,000 Totals The net income (or loss) for the period is a. $92,000 income. b. $13,000 income. c. $13,000 loss. d. not determinable

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