Activity 4.a - Calculating Net Income/Loss on Income Statement & Balance Sheet/Equity For each scenario, calculate the net income/loss, identify if it is net income or loss, and finalize the totals for the Income Statement and Balance Sheet columns. HINT Unadjusted Trial Balance Adjustments Account Names Debit Credit Debit Credit Debit Total 49,700 49,700 8,400 8,400 45,300 Total Unadjusted Trial Adjustments Balance Account Names Debit Credit Debit Credit Debit Total 58,100 58,100 8,400 8,400 58,100 Total SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Credit Net Income 45,300 SMART TOUCH LEARNING Worksheet December 31, 2016 Adjusted Trial Balance Credit 58,100 Income Statement Debit Credit 12,200 15,800 3600 15800 Income Statement Debit 42,500 Credit 37,800 Debit Balance Sheet 33,100 33100 Debit Balance Sheet 15,600 Credit Credit 29,500 3600 20,300