On January 1, Year 1, Jing Company purchased office equipment that cost $34,300 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,300. The equipment had a five-year useful life and a $11,700 expected salvage value. Assume that Jing Company earned $31,500 cash revenue and incurred $20,500 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $16,300. What is the company's net income (loss) for Year 3? Multiple Choice ($6,360) $6,360 $660 $5,640