Which of the statements below indicates that a company earned a net income for the period?

A)The sum of the credits exceeds the sum of the debits in the Income Statement columns on the end-of-period spreadsheet.

B)The sum of the debits exceeds the sum of the credits in the Income Statement columns on the end-of-period spreadsheet.

C)Cash inflows exceed cash outflows.

D) The sum of the credits exceeds the sum of the debits in the Balance Sheet columns on the end-of-period spreadsheet.