Bay Camera
the Company Reported the Following Items on Its

Bay Camera
The company reported the following items on its financial statements for the year ended December 31:
$$\begin{array} { l r l r } \text { Sales } & \text {\$780,000 } & \text { Cost of seles } & \$ 700,000 \\\text { Selling general and administrative expense } & 20,000 & \text { Other expense } & 15,000 \\\text { Dividends } & 5,000 & \text { Incone tax expense } & 12,500\end{array}$$
-Refer to the figure Bay Camera.What is the company's net income for the current year?

A) $22,500
B) $32,500
C) $42,500
D) $80,000