Boulder Blowers produces snow blowers. The selling price per snow blower is $100. Costs involved in production are:

Direct material per unit	$ 20
Direct labor per unit	11
Variable manufacturing overhead per unit	10
Variable selling expenses	2
Fixed manufacturing overhead per year	148,500
Fixed selling and administrative costs	150,000

During the year, Boulder produces 45,000 snow blowers and sells 30,000 snow blowers. There was no beginning inventory. How much is net income using full costing?

	A.	$1,471,000
	B.	$1,401,000
	C.	$1,411,500
	D.	$1,461,000