Required information The following information applies to the questions displayed below On January 1 Year 1, Jing Company purchased office pment that cost $95.000 cash The equipment was delivered under termo shoping pon and transportation cost was $2.000. The equipment had a five years and a $5.700 expected salvage value Assume that Jing Company earned $22000 cash revenue and curred 514 500 $9.000. What is the company's net income fosfor Year 37 cash expenses in Year 3. The company uses the streghtline metod. The office me was sold on December t ar for Wurple Choice 0 55.000 55300 O $2.900 O 100