Walk Company produces and sells specialty shoes. The company opened a new plant, and the following cost and revenue data have been provided for the first year of the plant's operation:

Beginning Inventory	0
Units produced	6,250
Units sold	4,000
Selling price per unit	50
Selling and administrative expenses:
Variable per unit	3
Fixed (total)	7,000
Manufacturing costs:
Variable manufacturing overhead cost per unit	5
Fixed manufacturing overhead cost (total)	15,000

Although some data is not presented above, all the data needed to answer the following question has been provided.

Under variable costing, assume the unit product cost is $19.00. Under variable costing, what is the Net Income?