Terry Corporation began the year with cash of $$142,000$ and land that cost $$18,000.$ During the year Terry earned service revenue of $$245,000$ and had the following expenses: salaries, $$200,000$; rent, $$88,000$; and utilities, $$21,000.$ At year$-$end Terry's cash balance was down to $$16,000.$ How much net income $($or net loss$)$ did Terry experience for the year?

A$.$ $$45,000$

B$.$ $$(64,000)$

c$.$ $$(43,000)$

D$.$ $$(190,000)$