At the end of an accounting cycle, the accountant for Carson Manufacturing transfers $10,000 from the firm's temporary accounts to its retained...

At the end of an accounting cycle, the accountant for Carson Manufacturing transfers $10,000 from the firm's temporary accounts to its retained earnings account. The accountant's action most likely suggests that Carson Manufacturing

doubled its profitability.

experienced a net loss.

adjusted its trial balance.

experienced a net income.