MJM, Inc. began the year with cash of $140,000 and land that cost $24,800. During the year, MJM earned revenue of $270,000 and had the following expenses: salaries $175,000; rent $80,000; and utilities $21,000. At year end, MJM's cash balance was down to $47,000. How much Net Income (Net Loss) did MJM experience for the year? A) $12,000 B) $(6,000) C) $44,000 D) $74,000