3. The Varfull company, in its first year of operations, produced 10,000 units and sold 8,500 units. In the 2nd year of operations it produced 7,000 units and sold 8,500 units. Sale price is $10 per unit. The variable manufacturing costs were $4 per unit (which include $2 of direct materials, $1 of direct labor, and $1 of variable overhead). The fixed manufacturing overhead costs were $35,000 per year. Fixed selling and administrative costs were $6,000 per year. What is the income in the first year using full/absorption costing? (1 Point) $59,000 $17,800 $15,250 $19,000