9 During its first year of operations, Silverman Company paid $19,000 for direct materials and $10,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,500 while general, selling, and administrative expenses totaled $5,000. The company produced 6,500 units and sold 4,000 units at a price of $8.50 a unit. What was Silverman's net income for the first year in operation? 1.5 points Multiple Choice $5,000 $24,500 O $29,000 O $4,500 The following information relates to the operations of Cruz Manufacturing during the current year: 10 1.5 points Raw materials used Direct labor wages Sales salaries and commissions Depreciation on production equipment Rent on manufacturing facilities Packaging and shipping supplies Sales revenue Units produced and sold Selling price per unit $ 9,200 29, 200 24, 200 1,920 14,200 2,920 94,200 9, 200 $ 17.00 Based on this information, what is the company's cost of goods sold? (Do not round intermediate calculations.) Multiple Choice $41,320 $57,440 O $81,640