Mission Enterprises income statement is given by:

Item	Amount
Sales	$5,000
COGS	$2,000
SG&A	$1,000
Depreciation	$500
Interest	$250

If half of the SG&A expenses are NOT associated directly with the project and Mission is in the 35% tax bracket, what is UNI for Mission?

$1,137.50.

You do not subtract interest when calculating UNI. - Correct answer is not $1,137.50

$1,300.00.

$975.00.

$1,625.00.