On January 1, Year 1, Jing Company purchased office equipment that cost $34,600 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,600. The equipment had a five-year useful life and a $11,400 expected salvage value. Assume that Jing Company earned $33,000 cash revenue and incurred $22,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $16,600. What is the companys net income (loss) for Year 3? Multiple Choice $720 $5,880 ($6,120) $6,120