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 Select one: the company has a net income of $3, 415 for the period neither net income or loss can be calculated because it is found on the income statement the company has a net loss of $3, 415 for the period The amounts are out of balance and need to be corrected