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The income statement and balance sheet columns of Beer and Nuts Company's worksheet reflect the following totals Income Statement Balance Sheet Dr. Cr. Dr. Cr.

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The income statement and balance sheet columns of Beer and Nuts Company's worksheet reflect the following totals Income Statement Balance Sheet Dr. Cr. Dr. Cr. Total $75,100 $50,050 $50,050 $60,000 $85,050 The net income or loss for the period is: (When writing your answer do not use commas, brackets, or signs of the dollar. For example, if your answer is $1,500, write it as 1500)

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