Queen Corporation has two products, Q and P. During June, the company's net operating income was $21,000, and the common fixed expenses were $46,000. The contribution margin ratio for Product Q was 40%, its sales were $131,000, and its segment margin was $38,000. If the contribution margin for Product P was $36,000, the segment margin for Product P was:

Multiple Choice

• $29,000

• $38,000

• $8,000

• $67,000