on january 1, year 1, jing company purchased office equipment that cost $18,200 cash. the equipment was delivered under terms fob shipping point, and transportation cost was $2700. the equipment had a five-year useful life and a $6860 expected salvage value. assume that jing company earned $28,600 cash revenue and incurred $18,000 in cash expenses in year 3. the company uses the straight-line method. the office equipment was sold on december 31, year 3 for $10,300. what is the company's net income (loss) for year 3? group of answer choices