Belo Corp. began business at the start of the current year.

The company produced 50,000 units.

Sales totaled 18,000 units at $30 each.

Beg. WIP: 0

End. WIP: 0

Beg. Finished goods: 0

End. Finished goods: 4,000 units

Costs incurred were:

Fixed manufacturing overhead	$5,000
Fixed selling and administrative cost	2,000
Variable manufacturing cost per unit	$10
Variable selling and administrative cost	$ 66,000

The company's variable-costing net income would be:

Select one:

a. $7,000.

b. $30,000.

c. $5,000.

d. $27,000.