After All of the Account Balances Have Been Extended to the Balance

Multiple Choice

After all of the account balances have been extended to the Balance Sheet columns of the , the totals of the debit and credit columns show debits of $37,686 and credits of $41,101. This indicates that

A) neither net income or loss can be calculated because it is found on the income statement
B) the company has a net loss of $3,415 for the period
C) the company has a net income of $3,415 for the period
D) the amounts are out of balance and need to be corrected