answer asap please. TIA!

Jing Company was started on January 1, Year 1 when it issued common stock for $32,000 cash. Also, on January 1 , Year 1 the company purchased office equipment that cost $15.600 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $1,700. The equipment had a five-year useful life and a $6,100 expected salvage value. Assume that Jing Company earned $20,600 cash revenue and incurred $13,000 in cash expenses in Year 3 . Using straight-line depreciation and assuming that the office equipment was sold on December 31 , Year 3 for $10.100, the amount of net income or (loss) appearing on the December 31 , Year 3 income statement would be: Multiple Choice $4,620 $4,880 ($1,580) $2,380