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 work sheet, the totals of the debit and credit columns show debits of $36,678 and the 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 $4,423 for the period
C) the company has a net income of $4,423 for the period
D) The amounts are out of balance and need to be corrected