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 $54,000 of materials cost and $58,000 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 $5,500. The recent batch contained 11,000 platters and 4,500 cups. TSC sold the platters for $170,000 and the cups for $26,000. 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

$(5,680).

$73,100.

$5,680.

$5,500.