Joe Mammoth sells baseball gloves in a stall he rents at one of the local malls. Each glove sells for $30 and variable expenses total $21.50 per glove. Joe pays $17,500 per year rent on the stall.

If estimated demand for the coming year is 5,000 gloves, Joe's projected operating income is:

	a.	$32,500
	b.	$25,000
	c.	$90,000
	d.	$42,500