20 Required Information [The following Information applies to the questions displayed below.] Part 2 of 3 Red and White Company reported the following monthly data: Units produced 3, 800 units Sales price 43 per unit Direct materials 7 per unit Direct labor 8 per unit Variable overhead 9 per unit Fixed overhead $ 9, 120 in total What Is Red and White's net Income under absorption costing if 1,150 units are sold and selling and administrative expenses are $16,500?