On January 1, Year 1, Jing Company purchased office equipment that cost $35,200 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $3,200. The equipment had a five-year useful life and a $10,800 expected salvage value Assume that Jing Company earned $36,000 cash revenue and incurred $25,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31. Year 3 for $17.200 What is the company's net income (loss) for Year 3? Multiple Choice 5840 (55.640) 36.360 55,640