Donnie hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. as of the beginning of 2021, 200 shares of preferred stock and 2,200 shares of common stock have been issued. the following transactions affect stockholders’ equity during 2021:

Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?