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28 After all the account balances have been extended to the Income Statement columns of the work sheet, the totals of the debit and credit

28 After all the account balances have been extended to the Income Statement columns of the work sheet, the totals of the debit and credit columns are $32,735 an $37,875, respectively. What is the amount of net income or net loss for the period? a. $5,140 net income b. $37,875 net loss Oc. $5,140 net loss d. $32,735 net income

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