The following data is available for Quarry Company:

Sales	$200,000
Finished goods	$ 12,000
Cost of goods manufactured	$ 80,000
Operating expenses	$ 50,000
Cost of goods sold	$ 70,000

Based on the above data, Quarrys net income is:

	a.	$58,000
	b.	$70,000
	c.	$80,000
	d.	$68,000
	e.	none of these