During its first year of operations, Silverman Company paid $$7,000$ for direct materials and $$9,500$ for production workers' wages. Lease payments and utilities on the production facilities amounted to $$8,500$ while general, selling, and administrative expenses totaled $$4,000.$ The company produced $5,000$ units and sold $3,000$ units at a price of $$7\mathrm{.}50$ a unit.

What was Silverman's net income for the first year in operation?

Multiple Choice

$$6,000$

$$18,500$

$$3,500$

$$14,000$