The Silver Center $($TSC$)$ produces cups and platters. TSC purchases silver and other metals that are processed into silver alloy that is used to make platters

and cups. TSC incurred $$60,000$ of materials cost and $$64,000$ of labor cost to produce the silver alloy. Platters are made first and the residual alloy is

remixed into a lower grade silver plated material that is used to make the cups. Remixing costs amount to $$7,000.$ The recent batch contained $14,000$ platters

and $6,000$ cups. TSC sold the platters for $$200,000$ and the cups for $$32,000.$ If relative market value is used to allocate the joint cost, what is the income

earned for cups?

Note: Round intermediate calculation to $2$ decimal places.

Multiple Choice

$$(8,040).$

$$94,000.$

$$8,040.$

$$7,000.$