The following information applies to the questions displayed below Jing Company was started on January 1, 2016 when it issued common stock for $39,000 cesh. Also, on January 1, 2016 the company purcifased office equipment that cost $16,300 cash. The equipment was delivered under terms FOB shipping point and transportation cost was $2.400. The equipment had a five year useful life and a $6,100 expected salvage value. value 17.00 points Assume that Jing Company eamed $26.200 cash revenue and incurred $16.500 im cash expenses in 2018 using straight -line deprecation and assuming that the office equipment was sold on December 31. 2018 for $10,000, the amount of net income or (loss) appearing on the December 31, 2018 income statement would be: O ($2.460) o $6,040, O $3,060 O $5,940 O Type here to search