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The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr.
The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals:
Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
Totals $72,000 $44,000 $60,000 $88,000
The net income (or loss) for the period is
$28,000 loss.
$44,000 income
$28,000 income.
not determinable.
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