3) Samsung Inc. has presented the below information relating to manufacturing of S7 Plus mobile at the yearend December 2016 Selling and administrative costs: Fixed S400,000 Variable per unit S25 each Total sales units 340,000 $210 each Manufacturing costs: Fixed S11,000,000 Variable cost per unit S120 each Balance in finished units at the start ofthe year 90,000 Balance in finished units at the close of the year 150,000 Net income under variable costing is (a) S22,100,000 (b) $21,700,000 (c) $11,100,000 (d) S10,700,000 O A O B O C O D