On January 1, 2019, DALMI CORP entered into a consignment agreement with DOSAN CORP. The consignment arrangement provided that DOSAN is entitled 5 percent (%) commission based on sales.

DALMI manufactured 100 boxes of PRODUCT A at manufacturing cost of $200,000. On July 1, 2019, DALMI shipped through a common carrier 30 boxes of consigned goods to DOSAN. The common carries collected the freight amounting to $3,000 from DOSAN. For the year ended December 31, 2019, DOSAN sold for cash 20 boxes of consigned goods to final consumers at DALMI's predetermined price of $3,000 per box.

Determine the net income to be reported by DALMI for the period ended December 31, 2019?

a)16,400

b)18,000

c)17,000

d)15,000