Freshmart, Inc., began the year with 250 units of inventory at a cost pf $25 per unit using variable costing, produced 1,000 units, and sold 1,250 units at a selling price of $100 per unit. Fixed overhead costs totaled $30,000 and fixed selling and administrative costs were $15,000. Variable production costs of $25.00 per unit while variable selling and administrative expenses were $10.00 per unit. Using variable costing, net income was:

$36,250.

$51,250.

$28,750.

$48,750.