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Madeweil Marble Company sells packages of multi-colored glass marbles for use in craft projects. Madewell produced 10,000 bags of marbles and sold 6.000 of them. The company incurred the following production costs: Variable manufacturing cost $6.00 per bag Fxed manufacturing overhead cost: $35,000 Assuming the company sells its product at a price of $15 per bag of marbles, and incurred $10,000 in selling and administrotive costs, what is the amount of net income under absorption costing? Mulbole Choice $23,000 $20,000 $27,000 $56,000