On the Worksheet of Hill Corporation, the Income Statement Debit

Multiple Choice

On the worksheet of Hill Corporation, the income statement debit column equals $78,500 and the income statement credit column equals $69,450. Hill Corporation has a:

A) net loss of $9,050 that is added to the income statement credit column.
B) net income of $4,525 that is added to the income statement debit column.
C) net loss of $9,050 that is added to the balance sheet credit column.
D) net income of $4,525 that is added to the balance sheet debit column.
E) net income of $9,050 that is added to the adjusted trial balance credit column.