Bartholomew Manufacturing Company Is Preparing the Operating Budget for the First

Bartholomew Manufacturing Company is preparing the operating budget for the first quarter of 2012. They forecast sales of $50,000 in January, $60,000 in February, and $70,000 in March. Cost of goods sold is budgeted at 40% of Sales. Variable and fixed expenses are as follows:
Variable: $\quad$ Miscellaneous expenses : $20 \%$ of Sales
Fixed: $\quad$$\quad$ Salary expense: $\$ 11,000$ per month
$\quad$$\quad$$\quad$$\quad$ Rent expense: $\$ 5,000$ per month
$\quad$$\quad$$\quad$$\quad$ Depreciation expense: $\$ 1,200$ per month
$\quad$$\quad$$\quad$$\quad$ Miscellaneous expenses/fixed portion: $\$ 3,300$ per month
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How much is the operating net income/(loss) for February?

A) $3,500
B) $1,450
C) ($500)
D) $7,500