Stephen Izermann is a manager of a team that is reviewing the performance of its current project - building the next generation ice rink. He is presented with the following data: The project should take 8 months and cost $25K per month to complete. The team has been working on the project for 4 months, the project is 40% complete and $110K has been spent. Per the schedule, how much of the budget should have been earned after 4 months