Accumulated Depreciation appears on the balance sheet in the assets section balance sheet in the liability section balance sheet in the owner's equity section income statement as an operating expense After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns are $38,755 and $32,735, respectively. What is the amount of net income or net loss for the period? $6.020 net income $38,755 net loss $6,020 net loss $32,735 net income Question 13 (1.67 points) Balance Sheet accounts are not considered real accounts. True False On which financial statement will Income Summary be shown? Statement of Owner's Equity Balance Sheet Income Statement No financial statement