Which of the following statements regarding the Income Statement columns on the work sheet is false? Multiple Choice The difference between the totals of the Income Statement columns is net income or net loss. The net income or net loss from the Income Statement columns is entered in the Balance Sheet & Statement of Retained Earnings columns. The balances in the Income Statement debit column are expenses. The balances in the Income Statement credit column are revenues. The balances in the Income Statement credit column are unearned revenues