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 income.
B) $150 net loss.
C) $100 net income.
D) $100 net loss.

Answer: D