(Answered) Question - beginning and ending inventories are 900 and 800

Accounting

Question - Beginning and ending inventories are $900 and $800, 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. $150 net loss.

B. $100 net loss.

C. $100 net income.

D. $150 net income.

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