After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals of the Debit and Credit columns are $36,755 and $32,735, respectively. What is the amount of net income or net loss for the period?
A) $4,020 net income
B) $36,755 net loss
C) $4,020 net loss
D) $32,735 net income
Correct Answer:
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