On January 1, Year 1, Jing Company purchased office equipment that cost $35,100 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $3,100. The equipment had a five-year useful life and a $10,900 expected salvage value. Assume that Jing Company earned $35,500 cash revenue and incurred $24,500 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $17,100. What is the company's net income (loss) for Year 3? Multiple Choice $5,720 O O O ($5,720) $820 $6,280