On January 1, Year 1, Jing Company purchased office equipment that cost $18,200 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2700. The equipment had a five-year useful life and a $6860 expected salvage value. Assume that Jing Company earned $28,600 cash revenue and incurred $18,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $10,300. What is the company's net income (loss) for Year 3?

Group of answer choices

$2780

$5680

$6720

($2980)