Before calculating the profit for the period, the totals of the income statement columns on the worksheet are: total debits $70 000 and total credits $60 000. The amount of the profit or loss is:

Select one:

a.

$70 000 profit

a. $70 000 profit

b.

$60 000 profit

b. $60 000 profit

c.

$10 000 profit

c. $10 000 profit

d.

$10 000 loss