4 Below are excerpts from the work sheets of two businesses as at March 31, 2020. Those rows that calculate totals are at the bottom of the last two sets of columns (a) Ints Income Statement Debit Credit 257,709 294,900 37,200 294,900 294,900 Balance Sheet and statement of Changes in Equity Debit Credit 351,700 314,500 37,200 351,700 351,700 3 01:46.11 *The adjusted balances in withdrawals and capital were $17.400 nd $57,000, respectively. (b) Income Statement Debit Credit 531,000 474,000 57.000 531,000 531,000 Balance Sheet and statement of Changes in Equity Debit Credit 939,000 996,000 57,000 996,000 996,000 *The adjusted balances in withdrawals and capital were $0 and $108,000, respectively. Required: Do the following for each business: 1. Identify the profit or loss for the year ended March 31, 2020 Which statements are for a period of time? Multiple Choice Income Statement and Statement of changes in equity Income Statement, Statement of changes in Equity and Balance Sheet Income Statement and Balance Sheet Trial Balance, Income Statement and Statement of changes in equity Prey 1 of 60 Next >