Question 39 (0.1 points) w If the Balance Sheet and Statement of Owner's Equity columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Owner's Equity Credit column, the cause could be: An expense entered in the Balance Sheet and Statement of Owner's Equity Debit column. A revenue entered in the Balance Sheet and Statement of Owner's Equity Credit column. An asset amount entered in the Income Statement and Statement of Owner's Equity Debit column. A liability amount entered in the Income Statement and Statement of Owner's Equity Credit column. 4 An expense entered in the Balance Sheet and Statement of Owner's Equity Credit column. Question 40 (0.1 points) A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period? Unadjusted Trial Balance Debit credit Adjustments Debit Credit 975 300 3,600 180 10, 320 150 70 190 Cash Accounts receivable Prepaid insurance Supplies Equipment Accumulated depreciation -equipment Accounts payable Salaries payable Unearned fees owner, Capital owner, Withdrawals Fees earned 1, 140 315 375 4,500 9, 180 1,6% 5, 850 375 300 1,500 2,100 345 315 Rent expense Salaries expense Utilities expense Insurance expense Supplies expense Depreciation expense -equipment Totals 150 70 190 20,670 20, 670 1,400 1,400 $1,400