Assume the following budgeted information for Yundt Co: Budgeted sales (all on credit) for November $253,000 December $220,000 January $217,000 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 $27,900 Monthly fixed depreciation expense is $13,000 The budgeted net operating income for December would be:

A $53,500

B $51,060

Ans C $40,500

D $64060