What is the purpose of sfac 4 as stated in that concepts statement? a. to provide the methods for preparing financial statements for nonbusiness entitiesb. to provide a basis for establishing detailed accounting and reporting standards for nonbusiness entitiesc. to provide detailed accounting and reporting standards for nonbusiness entitiesd. all of the answer choices are correct.

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?