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 $72,000 of materials cost and $76,000 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 $10,000. The recent batch contained 20,000 platters and 9,000 cups. TSC sold the platters for $260,000 and the cups for $44,000. 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 $(12,440) $132,600 $12,440 $10,000