Baldwin Corporation began the year with cash of \(\$ 35,000\) and a computer that cost \(\$ 20,000\). During the year, Baldwin earned sales revenue of \(\$ 140,000\) and had the following expenses: salaries, \(\$ 59,000\); rent, \(\$ 8,000\); and utilities, \(\$ 3,000\). At year-end, Baldwin's cash balance was down to \(\$ 16,000\). How much net income (or net loss) did Baldwin experience for the year?
a. \((\$ 19,000)\)
b. \(\$ 70,000\)
c. \(\$ 107,000\)
d. \(\$ 140,000\)