Garnett Co. shipped inventory on consignment to Hart Co that originally cost $50,000. Hart paid $1.200 for advertising that was reimbursable from Garnett. At the end of the year, 40% of the inventory was sold for $32,000. The agreement stated that a commission of 10% will be provided to Hart for all sales. What amount should Garnett report as net income for the year? O $7,600 $12,000 $0 $10,800