This question: 2 point(s) possibleSubmit quizPinker Corporation began the year with cash of $135,000 and land that cost $24,800. During the year Pinker earned service revenue of $280,000 and had the following expenses: salaries, $175,000; rent, $88,000; and utilities, $30,000. At year-end Pinker'sCOAcash balance was down to $47,000. How much net income (or net loss) did Pinker experience for the year?cho.PDFt_02O A. $105,0004 (2).OB. $17,000O C. $(13,000)O D. $(101,000)3600.CXDrillXLSXntara_Exc....ales.xlsntara_Excel....ales.xisxxcel_C SLCC1