Parker Corporation began the year with cash of $140,000 and land that cost $47,000. During the year Parker earned service revenue of $280,000 and had the following expenses: salaries, $158,000; rent, $87,000; and utilities, $22,000. At year-end Parker's cash balance was down to $23,000. How much net income (or net loss) did Parker experience for the year? A. $35,000 B. $13,000 c. $(104,000) D. $122,000