Was started on January 1, Year 1 when it issued common stock for $35,000 cash. Also, on January 1, Year 1 the company purchased office equipment that cost $15,900 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,000. The equipment had a five-year useful life and a $5,700 expected salvage value. Assume that Jing Company earned $23,000 cash revenue and incurred $14,500 in cash expenses in Year 3. Using straight-line depreciation and assuming that the office equipment was sold on December 31, Year 3 for $9,600, the amount of net income or (loss) appearing on the December 31, Year 3 income statement would be:

Kendra knight took part in a friendly game of touch football. she had played before and was familiar with football. michael jewett was on her team. in the course of play, michael bumped into kendra and knocked her to the ground. he stepped on her hand, causing injury to a little finger that later required its amputation. she sued michael for damages. he defended on the ground that she had assumed the risk. kendra claimed that assumption of risk could not be raised as a defense because the state legislature had adopted the standard of comparative negligence. what happens if contributory negligence applies? what happens if the defense of comparative negligence applies?