(Solution) - In the Income Statement columns of the end of period spreadsheet work sheet -(2025 Original AI-Free Solution)

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In the Income Statement columns of the end-of-period spreadsheet (work sheet) for Allen Consulting Co. for the current year, the Debit column total is $262,250 and the Credit column total is $323,500 before the amount for net income or net loss has been included. In preparing the income statement from the end-of-period spreadsheet (work sheet), what is the amount of net income or net loss?