On January 1 Year 1, Jing Company purchased office equipment that cost $15,800 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $1,900. The equipment had a five-year useful life and a $5,600 expected salvage value. Assume that Jing Company earned $22,200 cash revenue and incurred $14,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $9,500. What is the company's net income (loss) for Year 3? Multiple Choice o ($1,660) o O $4,840 o 54740 o 3,260