The Following Income Statement Was Produced When Volume of Sales

Multiple Choice

The following income statement was produced when volume of sales was at 400 units. $\begin{array}{lrr} \text { Sales Revenue } &\$2,000\\ \text { Variable Cost } &\underline{1,200}\\ \text { Contribution Margin} &\$800\\ \text { Fixed Cost} &\underline{300}\\ \text { Net Income } &\underline{\$500}\\\end{array}$
If volume reaches 500 units,net income will be:

A) $625
B) $1,800
C) $700
D) None of these