Red and White Company reported the following monthly data: Units produced 3,700 units Sales price $42 per unit Direct materials $8 per unit Direct labor $6 per unit Variable overhead $9 per unit Fixed overhead $7,400 in total. What is Red and White's net income under variable costing if 1,150 units are sold and operating expenses are $16,300? ($1,850) ($5,200) $3,250 $5,550 $14,450