7. Quality Harvesters Co. is a farming corporation that grows and sells crops in the Midwest. The company is publicly traded on the stock market: however, management prefers to use variable costing for decision purposes. The company's books are adjusted to arrive at bsorption Income for financial reporting purposes The company reported the following financial information for the past month: Variable Net Income Sales Fixed manufacturing costs rate per truckload Variable SGA costs per truckload Fixed SGA costs (overall) S1,200,000 2,000 truckloads of produce $600 S50 S700,000 The company tracks harvested crops that have not yet been shipped out as "in-process." This inventory of food increased from the equivalent of 50 full truckloads at the beginning of the month to 75 full truckloads at the end of the month What was Absorption Net Income