Last month, Brand Products manufactured 25,000 calculators and sold 22,000 of these calculators at a price of $10.00 each. Manufacturing costs consisted of direct labor, $30,000; direct materials, $32,000; variable manufacturing overhead, $3,500; fixed manufacturing overhead, $21,500. Selling and administrative costs are all fixed and totaled $24,000. Beginning inventory consists of no units. What is Brand Products' net income using variable costing?

A.	$109,000
B.	$162,360
C.	$119,440
D.	$116,860