On a Worksheet, the Balance Sheet Debit Column Total Is

Multiple Choice

On a worksheet, the balance sheet debit column total is $5,000 and the credit column total is $4,000. Which of the following statements is CORRECT?

A) The company had a net income of $1,000.
B) The company had a loss of $1,000.
C) The company's expenses were greater than revenues.
D) None of the above are correct.