Mason Corporation began the year with cash of $35,000 and a computer that cost $62,000. During the year Mason earned sales revenue of $55,000 and had the following expenses: salaries, $58,000; rent, $21,000; and utilities, $6,000. At year-end Mason's cash balance was down to $18,000. How much net income (or net loss) did Mason experience for the year? a. ($30,000) b. $55,000 c. $38,000 d. ($17,000)