A company produces a single product. Last year, fixed manufacturing overhead was $50,000 in total. Variable production costs were $24 per unit. Fixed selling and administrative costs were $25,000 in total. Variable selling and administrative costs were $6 per unit. There was no beginning inventory. During the year, 2,000 units were produced and 1,850 units were sold at a price of $70 per unit. What would be net operating income using variable costing?