Pinker Corporation began the year with cash of $30,000 and a computer that cost

$25,000. During the year Pinker earned sales revenue of $135,000 and had the following expenses: salaries, $57,000; rent, $11,000; and utilities, $4,000. At year-end Pinker’s cash balance was down to $18,000. How much net income (or net loss) did Pinker experience for the year?

a. ($12,000)

c. $63,000

b. $135,000

d. $123,000