Baldwin Corporation began the year with cash of $40,000 and a computer that cost

$15,000. During theyear, Baldwin earned sales revenue of $130,000

and had the followingexpenses: salaries, $57,000; rent, $6,000; andutilities, $1,500. Atyear-end, Baldwin's cash balance was down to $17,000.

How much net income(or netloss) did Baldwin experience for theyear?

Question content area bottom

A.$ 65 comma 500

$65,500

B.$ 130 comma 000

$130,000

C.$( 23 comma 000 )

$(23,000)

D.$ 111,000