Your Company Has Pretax Income of $52,000 on Sales of $506,000

Your company has pretax income of $52,000 on sales of $506,000. Sales are expected to increase by 6% next year and the tax rate is 21%. What is the expected net income for next year if your firm uses the percentage of sales approach when compiling pro forma statements?

A) $28,938
B) $31,835
C) $33,072
D) $35,582
E) $43,545