Required information The following information applies to the questions displayed below.) On January 1, Year 1, Jing Company purchased office equipment that cost $18,000 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,500. The equipment had a five-year useful life and a $6,500 expected salvage value. Assume that Jing Company earned $27,000 cash revenue and incurred $17,000 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $10,100. What is the company's net income (loss) for Year 3? Multiple Choice $5.200 152.600) $3,400