Beginning and Ending Inventories Are $980 and $880, Respectively

Multiple Choice

Beginning and ending inventories are $980 and $880, respectively. The income statement debit and credit columns of the worksheet total $2,500 and $2,500, respectively, not including the adjustment amounts for beginning and ending inventories. The net income or loss for the period is:

A) $1,860 net income.
B) $1,860 net loss.
C) $100 net income.
D) $100 net loss.