Value Products has prepared the following budgets for the third quarter of the current year: Revenue budget $360,000 Materials purchases budget 120,000 Labor budget 45,000 FOH budget 60,000 G&A expenses budget 62,000 Selling expenses budget 13,000 DM beginning inventory budget 25,000 DM ending inventory budget 15,000 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? O a) $36,000 b) $55,000 O c) $50,000 d) $45,000