Corle Crafts, Inc. is budgeting sales of $2,500,000 for 2018. All sales are on credit. The company expects 2% of sales to be uncollectible. Sale price is set at 30% above cost. Selling and administrative expenses are expected to be 200,000 and depreciation expense is $56,000.

What is Corle's budget operating income for 2018?

A$326,924

B$576,924

C$270,924

D$320,924