30) On January 1, Year 1, Jing Company purchased office equipment that cost $34,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000 The equipment had a five-year useful life and a $12,000 expected salvage value. They use straight line depreciation. They used the equipment for 2 full years. At the beginning of year 3, they sell the office equipment for $20,000. How much is the gain or loss? A) $6,400 loss B) S6,400 gain C) $5,200 loss D) S5,200 gain OD