Question 7 (1 point) JollyB Inc. began the year with cash of $30,000 and a computer that cost $22,000. During the year, JollyB earned sales revenue of $90,000 and had the following expenses: salaries, $45,000; rent, $9,000; and utilities, $4,000. At year-end, JollyB's cash balance was down to $12,000. How much net income (or net loss) did JollyB experience for the year? $107,000 $32,000 O ($19,000) Saved