What does the difference between the totals of the Income Statement columns represent? What does the difference

Question:

What does the difference between the totals of the Income Statement columns represent? What does the difference between the Balance Sheet column totals represent?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...