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 show debits of $37,686 and the credits of $41,101. This indicates that

the amounts are out of balance and need to be corrected

the company has a net income of $3,415 for the period

the company has a net loss of $3,415 for the period

neither net income or loss can be calculated because it is found on the income statement