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The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: Sheet Cr. Totals $84,000 b. $24,000 income. Income

The income statement and balance sheet columns of Iron and Wine Company's worksheet reflect the following totals: Sheet Cr. Totals $84,000 b. $24,000 income. Income Statement O c. $24,000 loss. O d. not determinable. Dr. The net income (or loss) for the period is a. $48,000 income. $72,000 Cr. $48,000 Dr. Balance $60,000

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