On January 1, Year 1, Jing Company purchased office equipment that cost $34,250 cash. The equipment was delivered under terms free on board (FOB) shipping point, and transportation cost was $2.250. The equipment had a five-year useful life and a $12,140 expected salvage value. Assume that Jing Company earned $30.200 cash revenue and incurred $19.200 in cash expenses In Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $16,400. What is the company's net income loss) for Year 3? Multiple Choice (56,694 O S6.632 56.684 O 5644 $644 O $5.516