Uuring its first year of operations, Silverman Company paid $11.440 for direct materials and $9,900 for production workers' wages, Lease payments and utilities on the production facilities amounted to $8,900 while general, selling, and administrative expenses totaled $4,400. The company produced 5.600 units and sold 3.400 units at a price of $7.90 a unit. What was Silverman's net income for the first year in operation? Multiple Choice $17.960 14100 $22460 55.620