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l Ariel Company reported the below cost and revenue formulas. Sales $ 2 7 q Cost of goods sold $ 1 2 q Salaries expense

l Ariel Company reported the below cost and revenue formulas.
Sales $27q
Cost of goods sold $12q
Salaries expense $5,500 per month
Utilities expense $125 plus $2.50q
Rent expense $2,000 per month
Misc expense $500 plus $3.25q
They planned to sell 1,800 units and they actually sold 2,100 units. Following are the actual results from the period.
Sales $ 58,500
Cost of goods sold 24,800
Gross margin $ 33,700
Salaries expense 6,000
Utilities expense 5,480
Rent expense 2,000
Misc. expense 9,400
Net operating income $ 10,820
What is net income for the planning budget?
Group of answer choices
$8,525
$48,600
$11,300
$10,820

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