Tango Company produces joint products M, N, and T from a joint process. This information concerns a batch produced in April at a joint cost of $120,000: <image 1> How much of the joint cost should be allocated to each joint product using the net realizable value method?
['M: $57,000; N: $47,000; T: $16,000;', 'M: $57,000; N: $47,000; T: $20,000;', 'M: $60,000: N: $51,996; T: $8,004;', 'M: $60,000: N: $51,996; T: $12,000;']