The accountant for American Packing Company is completing the work sheet for 2000. The subtotals of the Income Statement columns show debits of $240,000 and credits of $220,000. This information indicates that

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The accountant for American Packing Company is completing the work sheet for 2000. The subtotals of the Income Statement columns show debits of $240,000 and credits of $220,000. This information indicates that