Value Products has prepared the following budgets for the second half of 2013

Revenue budget	$360,000
Materials purchases budget	130,000
Labor budget	45,000
F/OH budget	60,000
G&A expenses budget	62,000
Selling expenses budget	13,000
FG beginning inventory budget	55,000
FG ending inventory budget	50,000
WIP beginning inventory budget	42,000
WIP ending inventory budget	33,000

Determine Value Products' budgeted Net Income for this period (Ignore taxes)