Widgets R Us is a manufacturing company. It incurred the following costs in 2012 for manufacturing 10,000 widgets. Direct material $8,000; Direct Labor $12,000; Factory overhead $20,000. The company also spent $30,000 on selling and administration expenses. The selling price of a widget is $10. If the company sells 5000 units, what is the net income (net profit)?

a. $10,000

b. $20,000

c. $30,000

d. $40,000

e. None of the above