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The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: Income StatementBalance Sheet Dr.Cr.Dr.Cr. Totals$72,000$48,000$60,000$84,000 The net income

The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals:

Income StatementBalance Sheet

Dr.Cr.Dr.Cr.

Totals$72,000$48,000$60,000$84,000

The net income (or loss) for the period is

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