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.

Pearson ACT - Sole Proprietorship - Google Chrome X act.pearsoncmg.com/activity/6/4/1 Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Debit Names Credit Debit Credit Debit Credit Debit Credit Debit Credit Total 58, 100 58, 100 5,200 5,200 55,400 55,400 14,900 19,300 40,500 36, 100 Net Income V Total 19300 40500 SMART TOUCH LEARNING Worksheet December 31, 2016 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Names Credit Total 40,000 40,000 5,700 5,700 48, 100 48, 100 35,200 31,300 12,900 16,800 Net Loss Total 35200 16800 Type here to search O W ED 9 O 10:18 AM 5/16/2020