Jing Company was started on January 1 Year 1 when it issued common stock for $31.000 cash. Also, on January 1 Year the company purchased office equipment that cost $15,500 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $1,600. The equipment had a five-year useful life and a $6,000 expected salvage value. Assume that Jing Company earned $19,800 cash revenue and incurred $12.500 in cash expenses in Year 3. Using straight-line depreciation and assuming that the office equipment was sold on December 31, Year 3 for $9,800, the amount of net income or loss) appearing on the December 31, Year 3 income statement would be: 0 0 0 0