Q6.19: Which of the following statements is incorrect regarding the income statement columns on a worksheet? If the income statement credit column is greater than the income statement debit column, the company has net income. B Net income is extended to the debit column of the balance sheet columns. If a company has a net loss, the net loss amount is entered in the income statement credit column on the net loss row. D Before net income or net loss is recorded, the income statement debit and credit columns are not likely to be equal