Beginning and ending inventories for John's Books are $12,000 and $9,000, respectively. The debit amounts (not including Income Summary) in the income statement columns of the worksheet total $13,000, and the credit amounts (not including Income Summary) total $14,500. The firm has a:(PLEASE PROVIDE DETAIL WITH RESPONSE)

A.

net loss of $3,000.

B.

net income of $3,000.

C.

net loss of $1,500.

D.

net income of $1,500.