Assume the following budgeted information for Yundt Co: Budgeted sales (all on credit) for November 253000 December 220000 January 217000 Cash collections related to credit sales are expected to be 68% in the month of sale and 32% in the month following the sale. The variable expenses are 63% of sales. Each months ending inventory equals 17% of next months cost of goods sold. 32% of each months merchandise purchases are paid in the current month and the remainder is paid in the following month. Monthly fixed expenses that are paid in cash in the month incurred total 27900. Monthly fixed depreciation expense is 13000. The budgeted net operating income for December would be:

A $53,500

B $51,060

C $40,500

D $64060