Preferred Products Has the Following Cost Information Available for 2009

Preferred Products has the following cost information available for 2009:
$\begin{array}{lr} \text { Direct materials} &\text {\( \$ 4.00 \) per unit}\\ \text { Direct labour} &\text {\( \$ 3.00 \) per unit}\\ \text { Variable manufacturing overhead } & \text {\( \$ 2.00 \) per unit}\\ \text { Variable selling and administrative costs } &\text {\( \$ 1.00 \) per unit}\\ \text { Fixed manufacturing overhead} &\text {\( \$ 25000 \)}\\ \text { Fixed selling and administrative costs } & \text {\( \$ 10000 \)}\\\end{array}$


During 2009,Preferred produced 5000 units out of which 4600 units were sold for $30 each.
Required:
A. Calculate Preferred's net income assuming the company uses variable costing.
B. Calculate Preferred's net income assuming the company uses absorption costing