During its first year of operations, Silverman Company paid $9,150 for direct materials and $9.700 for production workers wages. Lease payments and utilities on the production facilities amounted to $8,700 while general selling and administrative expenses totaled $4,200. The company produced 5.300 units and sold 3,200 units at a price of $770 a unit. What was Silverman's net income for the first year in operation? Multiple Choice $20.440 $3,800 $15.040 5570