Ibis Paper Company Prepared the Following Static Budget for November

Ibis Paper Company prepared the following static budget for November: $$\begin{array} { | l | c | r | } \hline \text { Static Budget } & & \\\hline \text { Units/Volume } & & 12,000 \\\hline& \text { Per Unit }\\\hline \text { Sales Revenue } & \$ 20.00 & \$ 240,000 \\\hline \text { Variable Costs } & 8.00 & \underline { 96,000 }\\\hline \text { Contribution Margin } &&144,000 \\\hline \text { Fixed Costs } & & 13,500 \\\hline \text { Operating Income/(Loss) } & & \underline { \$130,500 } \\\hline\end{array}$$ If a flexible budget is prepared at a volume of 13,500 units,calculate the operating income at 13,500 units of production.The production level is within the relevant range.

A) $162,000
B) $144,000
C) $130,500
D) $148,500