QUESTION 12 After all of the account balances have been extended to the Balance Sheet columns of the, the totals of the debits of $37,686 and credits of $41,101. This indicates that a. the amounts are out of balance and need to be corrected 4 O b. neither net income or loss can be calculated because it is found on the income statement O c. the company has a net income of $3,415 for the period O d. the company has a net loss of $3,415 for the period

After all of the account balances have been extended to the Balance Sheet columns of the, the totals of debits of $37,686 and credits of $41,101. This indicates that a. the amounts are out of balance and need to be corrected b. neither net income or loss can be calculated because it is found on the income statement c. the company has a net income of $3,415 for the period d. the company has a net loss of $3,415 for the period